Anima Holding S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 12:19 am EDT
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Anima Holding S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was BRL 1,822.5 million compared to BRL 1,096.6 million a year ago. Revenue was BRL 910.5 million compared to BRL 576.9 million a year ago. Net loss was BRL 81.3 million compared to net income of BRL 2.9 million a year ago.
For the six months, sales was BRL 3,584 million compared to BRL 1,884.2 million a year ago. Revenue was BRL 1,812.9 million compared to BRL 985.6 million a year ago. Net loss was BRL 171.5 million compared to net income of BRL 52.9 million a year ago.
Anima Holding SA, formerly GAEC Educacao SA, is a Brazil-based company principally engaged in the educational sector. The Company's activities are divided into two segments: Higher education and Vertical management. The Higher education division focuses on developing formal and distance education services by offering college degrees and professional specialization courses, including undergraduate, graduate, masters, doctorate and extension degrees. The Vertical management division offers congresses, forums, seminars, specialization and in-company courses to professionals, as well as publishes books and magazines related to management and business. Its educational institutions are located in the states of Minas Gerais and Sao Paulo, Brazil. The Company operates through a number of subsidiaries, such as Minas Gerais Educacao SA, Instituto Mineiro de Educacao e Cultura Uni-BH SA, Posse Gestao Patrimonial SA and HSM do Brasil SA.