Eletromidia S.A. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was BRL 286.08 million compared to BRL 196.54 million a year ago. Revenue was BRL 274.54 million compared to BRL 174.25 million a year ago. Net income was BRL 65.54 million compared to BRL 15.82 million a year ago.

For the full year, the company reported net income was BRL 32.19 million compared to net loss of BRL 11.48 million a year ago. Basic earnings per share from continuing operations was BRL 231 compared to basic loss per share from continuing operations of BRL 100 a year ago.