Alupar Investimento S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 07:09 pm EDT
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Alupar Investimento 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 369.99 million compared to BRL 310.99 million a year ago. Revenue was BRL 780.16 million compared to BRL 1,168.24 million a year ago. Net income was BRL 222.19 million compared to BRL 180.01 million a year ago.
For the six months, sales was BRL 766.26 million compared to BRL 698.46 million a year ago. Revenue was BRL 1,784.15 million compared to BRL 2,448.76 million a year ago. Net income was BRL 452.9 million compared to BRL 610.99 million a year ago.
Alupar Investimento SA is a Brazil-based company primarily engaged in the electric utilities sector. The Company focuses on developing and investing in infrastructure projects involving the energy industry in Brazil and other Latin American countries. Its activities are divided into two business segments: Transmission and Generation. The Transmission division holds electric power transmission concessions in Brazil and Chile. The Generation division includes renewable electricity generation through hydroelectric power plants (HPPs), small hydroelectric plants (SHPs) and wind farms in Brazil, Colombia and Peru. The Company operates through numerous subsidiaries, such as Transminas Holding SA, Windepar Holding SA, Alupar Inversiones Peru SAC and Alupar Chile Inversiones SpA. The Company is controlled by Guarupart Participacoes Ltda.
ALUPAR INVESTIMENTO S.A. 
