Direcional Engenharia S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 07, 2022 at 06:14 pm EST
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Direcional Engenharia S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net income was BRL 63.26 million compared to BRL 47.18 million a year ago. Basic earnings per share from continuing operations was BRL 0.43 compared to BRL 0.32 a year ago. Diluted earnings per share from continuing operations was BRL 0.42 compared to BRL 0.32 a year ago.
For the nine months, net income was BRL 131.97 million compared to BRL 114.98 million a year ago. Basic earnings per share from continuing operations was BRL 0.89 compared to BRL 0.79 a year ago. Diluted earnings per share from continuing operations was BRL 0.88 compared to BRL 0.79 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. 
