São Martinho S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 08, 2024 at 05:40 pm EST
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São Martinho S.A. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was BRL 1,592.4 million compared to BRL 1,534.09 million a year ago. Net income was BRL 210.64 million compared to BRL 429.69 million a year ago. Basic earnings per share from continuing operations was BRL 0.6081 compared to BRL 1.2405 a year ago.
For the nine months, sales was BRL 4,469.98 million compared to BRL 4,813.35 million a year ago. Net income was BRL 849 million compared to BRL 863.87 million a year ago. Basic earnings per share from continuing operations was BRL 2.4511 compared to BRL 2.494 a year ago.
Sao Martinho SA is a Brazil-based sugar and energy company. The Companyâs operations include the production and marketing of sugar, ethanol, electricity and other products from sugarcane. Sao Martinho SAâs operations comprise four mills: Sao Martinho, Santa Cruz and Iracema, as well as Boa Vista. The Companyâs portfolio includes multiple types of sugar, including white, very high polarity and very-very high polarity sugar (VHP and VVHP). Sao Martinho SA produces hydrous ethanol (for ethanol-fueled vehicles), anhydrous ethanol (used as a fuel additive) and industrial grade ethanol for other purposes. It also generates electricity from sugarcane bagasse. The Company has several subsidiaries, including Sao Martinho Terras Agricolas SA, Sao Martinho Terras Imobiliarias SA, Bioenergia Sao Martinho Ltda and Bioenergetica Santa Cruz SA.
SÃO MARTINHO S.A. 
