Santos Brasil Participações S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 07:09 pm EDT
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Santos Brasil Participações S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was BRL 94.4 million compared to BRL 97.59 million a year ago. Basic earnings per share from continuing operations was BRL 0.10927 compared to BRL 0.1131 a year ago. Diluted earnings per share from continuing operations was BRL 0.10872 compared to BRL 0.11257 a year ago.
For the six months, net income was BRL 140.26 million compared to BRL 187.94 million a year ago. Basic earnings per share from continuing operations was BRL 0.16236 compared to BRL 0.21781 a year ago. Diluted earnings per share from continuing operations was BRL 0.16154 compared to BRL 0.21678 a year ago.
Santos Brasil Participacoes SA is a Brazil-based holding company that provides logistics services. Through its subsidiaries, the Company manages and operates port facilities and provides integrated logistics for cargo transportation. The Company operates in three business areas: Port Container Terminals sector, which includes port operators engaged in loading and unloading container ships and bonded warehouses providing the storage of cargo handled in their docks; Logistics sector, which offers distribution center and transportation services, and Vehicles Terminal, which provides loading and unloading of vehicles and cars warehousing. The Companyâs three container terminals are located in the states of Sao Paulo, Para and Santa Catarina.