Paranapanema S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was BRL 263.55 million compared to BRL 552.02 million a year ago. Net loss was BRL 613.26 million compared to BRL 562.34 million a year ago. Basic loss per share from continuing operations was BRL 14.1297 compared to BRL 12.956309 a year ago. Diluted loss per share from continuing operations was BRL 14.1297 compared to BRL 12.956309 a year ago.
For the six months, sales was BRL 705.46 million compared to BRL 1,364.75 million a year ago. Net loss was BRL 792.16 million compared to BRL 392.65 million a year ago. Basic loss per share from continuing operations was BRL 18.25143 compared to BRL 9.046641 a year ago. Diluted loss per share from continuing operations was BRL 18.25143 compared to BRL 9.046641 a year ago.