Direcional Engenharia S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 08, 2021 at 05:20 pm EST
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Direcional Engenharia S.A. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was BRL 453.36 million compared to BRL 375.53 million a year ago. Net income was BRL 47.18 million compared to BRL 28.56 million a year ago.
For the nine months, revenue was BRL 1,289.41 million compared to BRL 1,075.41 million a year ago. Net income was BRL 114.98 million compared to BRL 72.5 million a year ago.
Direcional Engenharia SA is a Brazil-based company engaged in the residential real estate sector. The Company focuses on development and construction of residential housing projects, targeting the low-income segment. It mainly builds multifamily homes that form a residential district. The Company develops its activities through special partnerships (SCPs) and special purpose entities (SPEs), which are active exclusively in the real estate sector. It operates in the states of Rio de Janeiro, Sao Paulo, Rio Grande do Sul, Minas Gerais, Para and Amazonas, among others, Brazil. The Company owns numerous subsidiaries, such as Direcional Taguatinga Engenharia Ltda, Ametista Empreendimentos Imobiliarios Ltda and Malaquita Empreendimentos Imobiliarios Ltda.
DIRECIONAL ENGENHARIA S.A. 
