JHSF Participações S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 15, 2023 at 03:09 am EDT
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JHSF Participações S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was BRL 204.42 million compared to BRL 191.21 million a year ago. Revenue was BRL 394.41 million compared to BRL 514.45 million a year ago. Net income was BRL 112.7 million compared to BRL 222.28 million a year ago.
For the six months, sales was BRL 390.14 million compared to BRL 343.17 million a year ago. Revenue was BRL 749.25 million compared to BRL 975.93 million a year ago. Net income was BRL 199.87 million compared to BRL 392.02 million a year ago.
JHSF Participacoes SA is a Brazil-based holding company engaged in the real estate industry. The Companyâs activities are divided into four business segments: Real Estate Development, involved in in the development, construction, purchase and sale, as well as lease of residential and commercial properties; Recurring Income, focused on development, administration and operation of shopping centers; Hospitality and Gastronomy, engaged in the operation of hotels, restaurants and bars; and Executive Airport, involved in the operation of Sao Paulo Catarina Executive Airport. The Company operates through a number of subsidiaries, including JHSF Incorporacoes Ltda, Polonia Incorporacoes Ltda, Boa Vista de Desenvolvimento Imobiliario e Servicos de Concierge Ltda and Aveiro Incorporacoes Ltda, among others.