Log-In Logística Intermodal S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 09, 2023 at 07:16 pm EDT
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Log-In Logística Intermodal S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was BRL 17.04 million compared to BRL 21.96 million a year ago. Basic earnings per share from continuing operations was BRL 0.16 compared to BRL 0.21 a year ago. Diluted earnings per share from continuing operations was BRL 0.16 compared to BRL 0.21 a year ago.
For the six months, net income was BRL 55.43 million compared to BRL 82.25 million a year ago. Basic earnings per share from continuing operations was BRL 0.53 compared to BRL 0.79 a year ago. Diluted earnings per share from continuing operations was BRL 0.52 compared to BRL 0.78 a year ago.
Log-in Logistica Intermodal SA, formerly Docenave Navegacao Vale do Rio Doce SA, is a Brazil-based company that plans, manages and operates cargo handling solutions through cabotage, complemented by road services. The Company operates an interconnected network, which includes port handling and door-to-door transportation, through an intermodal network that covers Brazil and the Southern Common Market region (Mercosur). The Company's activities are divided into three areas: Coastal Shipping, offering maritime transportation in ports in the Brazilian coast and Mercosur, integrated to services contracted for road short-distance transportation; Port Terminal, providing management and operation of a container port terminal, the Vila Velha Terminal (TVV), in the state of Espirito Santo, Brazil, and Intermodal Terminals, including ground intermodal terminals integrated to services offered by Coastal Shipping area.