Alupar Investimento S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 06:19 pm EST
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Alupar Investimento S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 354.85 million compared to BRL 313.86 million a year ago. Revenue was BRL 648.96 million compared to BRL 652.66 million a year ago. Net income was BRL 100.01 million compared to BRL 115.68 million a year ago.
For the nine months, sales was BRL 1,121.11 million compared to BRL 1,012.32 million a year ago. Revenue was BRL 2,433.11 million compared to BRL 3,101.42 million a year ago. Net income was BRL 552.9 million compared to BRL 726.66 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. 
