Tecnisa S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
March 18, 2021 at 10:00 am EDT
Share
Tecnisa S.A. announced earnings results for the fourth quarter ended December 31, 2020. For the year, the company announced total revenue was BRL 174.171 million compared to BRL 358.482 million a year ago. Operating loss was BRL 161.107 million compared to BRL 256.711 million a year ago. Net loss was BRL 164.852 million compared to BRL 257.919 million a year ago. For the quarter, total revenue was BRL 37.228 million compared to BRL 124.135 million a year ago. Operating loss was BRL 29.301 million compared to BRL 59.180 million a year ago. Net loss was BRL 30.699 million compared to BRL 59.627 million a year ago.
Tecnisa SA is a Brazil-based company involved in the real estate sector. The Company and its subsidiaries are engaged in the development, construction, leasing, management, purchase and sale of residential and commercial real estate properties and lands. In addition, the Company offers consulting services related to real estate market. The Company develops, sells and builds residential and commercial projects with an integrated business model. The Company operates from the land acquisition until financing part of its customers. In addition, the Company offers consulting services related to real estate market. It operates in the Brazilian market. The Company focuses on the region of Sao Paulo (main market), followed by Brasilia and Curitiba.
TECNISA S.A. 
