Paranapanema S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was BRL 552.02 million compared to BRL 1,161.9 million a year ago. Net loss was BRL 562.34 million compared to net income of BRL 208.91 million a year ago. Basic loss per share from continuing operations was BRL 13.81524 compared to basic earnings per share from continuing operations of BRL 5.13243 a year ago.
For the six months, sales was BRL 1,364.75 million compared to BRL 2,469.39 million a year ago. Net loss was BRL 392.65 million compared to BRL 193.4 million a year ago. Basic loss per share from continuing operations was BRL 9.64639 compared to BRL 4.75126 a year ago.