Mills Locatpo, Servitos e Logfstica S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 14, 2022
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Mills Locatpo, Servitos e Logfstica S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net income was BRL 63.13 million compared to BRL 19.95 million a year ago. Basic earnings per share from continuing operations was BRL 0.3 compared to BRL 0.1 a year ago. Diluted earnings per share from continuing operations was BRL 0.3 compared to BRL 0.1 a year ago.
For the six months, net income was BRL 103.98 million compared to BRL 27.31 million a year ago. Basic earnings per share from continuing operations was BRL 0.5 compared to BRL 0.13 a year ago. Diluted earnings per share from continuing operations was BRL 0.5 compared to BRL 0.13 a year ago.
Mills Estruturas e Servicos de Engenharia SA is a Brazil-based company primarily engaged in the commercial equipment rental. The Company's activities are divided into two business units: Construction and Rental. The Construction division operates in the heavy construction market and offers construction works and services, including formworks and props, as well as access to non-mechanized equipment, mast climbing platforms and scaffolds for the residential and office building construction sector. The Rental division provides leasing and sale of scissor lifts and telescope handlers for construction, trade and manufacturing markets, among others. The Company operates numerous branches across Brazil.