Paranapanema S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 11, 2021
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Paranapanema S.A. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was BRL 1,206.73 million compared to BRL 838.25 million a year ago. Net loss was BRL 419.58 million compared to BRL 166.21 million a year ago. Basic loss per share from continuing operations was BRL 10.30797 compared to BRL 4.08329 a year ago.
For the nine months, sales was BRL 3,676.13 million compared to BRL 2,836.39 million a year ago. Net loss was BRL 612.97 million compared to BRL 1,012.47 million a year ago. Basic loss per share from continuing operations was BRL 15.05923 compared to BRL 24.87388 a year ago.
Paranapanema S.A. is an independent producer of primary copper. The Company's activities include the production and trade of electrolytic copper, its by-products and related services, as well as semi-manufactured copper and its alloys products. The Company's products for the copper industry include cathode, rod, drawn wire, tubes and connections, rolled, wire, bar and profile, flexible cable, sulfuric acid, granulated slag and oleum. The Company has approximately three industrial plants, located in the Industrial Complex of Camacari, Dias d'Avila; in Santo Andre, and in Serra. The Company offers rods, such as copper rod and drilled square iron bar; wires, such as copper and brass wires, and drawn bare wire, and fitting, such as accessories, ELUMAPLAST connections, flanged connections and weldable connections. The Primary Copper Unit, located in Dias d'Avila, is engaged in casting and refinement of electrolytic copper under the Caraiba brand, and metallurgy of semi-finished.
PARANAPANEMA S.A. 
