EZTEC Empreendimentos e Participações S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022
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EZTEC Empreendimentos e Participações 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 105.43 million compared to BRL 145.25 million a year ago. Basic earnings per share from continuing operations was BRL 0.5 compared to BRL 0.67 a year ago. Diluted earnings per share from continuing operations was BRL 0.5 compared to BRL 0.67 a year ago.
For the nine months, net income was BRL 293.2 million compared to BRL 357.65 million a year ago.
EZTEC Empreendimentos e Participacoes SA is a Brazil-based company involved in the real estate development sector. The Company focuses on the land acquisition and subdivision, project development, buildings construction and sale, as well as management and leasing of own properties, among others. In addition, it provides services related to civil engineering operations, such as supervision, research, projecting and other technical services. The Company's activities are divided into two business segments: Commercial, which develops office buildings, and Residential, which develops housing projects for low, middle and high-income customers. It primarily invests in lands located in the city and metropolitan area of Sao Paulo, Brazil.