Grazziotin S.A. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was BRL 0.213 million compared to BRL 0.279 million a year ago. Revenue was BRL 117.73 million compared to BRL 126.17 million a year ago.

Net income was BRL 10.5 million compared to BRL 23.5 million a year ago. Basic earnings per share from continuing operations was BRL 0.543 compared to BRL 1.217 a year ago. Diluted earnings per share from continuing operations was BRL 0.543 compared to BRL 1.217 a year ago.