Movida Participações S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 31, 2022
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Movida Participações 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 186.76 million compared to BRL 173.92 million a year ago.
For the six months, net income was BRL 444.85 million compared to BRL 283.4 million a year ago.
Movida Participacoes SA is a Brazil-based company primarily engaged in the passenger car rental. The Company, through its subsidiaries Movida Locacao de Veiculos Ltda and Movida Gestao de Frotas SA, provides cars within short and long-time agreements, as well as fleet outsourcing to business customers. The Company's cars are equipped with Global Positioning System (GPS), music player and wireless Internet, as well as with other on demand facilities, such as baby car seat. Its car brand names include Volkswagen, Fiat, Ford, Hyundai, Renault, Jeep, Chevrolet and Mercedes, among others. In addition, the Company sells used cars. The Company operates offices in numerous cities and near airports, in Brazil.
MOVIDA PARTICIPAÇÕES S.A. 
