Paranapanema S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was BRL 474.51 million compared to BRL 1,206.73 million a year ago. Net loss was BRL 317.01 million compared to BRL 419.58 million a year ago. Basic loss per share from continuing operations was BRL 7.78809 compared to BRL 10.30797 a year ago.
For the nine months, sales was BRL 1,839.26 million compared to BRL 3,676.13 million a year ago. Net loss was BRL 709.65 million compared to BRL 612.97 million a year ago. Basic loss per share from continuing operations was BRL 17.43448 compared to BRL 15.05923 a year ago.