Paranapanema S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 193.67 million compared to BRL 474.51 million a year ago. Net loss was BRL 382.25 million compared to BRL 317.01 million a year ago. Basic loss per share from continuing operations was BRL 8.80712 compared to BRL 7.30388 a year ago. Diluted loss per share from continuing operations was BRL 8.80712 compared to BRL 7.30388 a year ago.
For the nine months, sales was BRL 899.14 million compared to BRL 1,839.26 million a year ago. Net loss was BRL 1,174.41 million compared to BRL 709.65 million a year ago. Basic loss per share from continuing operations was BRL 27.058545 compared to BRL 16.350521 a year ago. Diluted loss per share from continuing operations was BRL 27.058545 compared to BRL 16.350521 a year ago.