PBG S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 13, 2023
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PBG S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net loss was BRL 38.3 million compared to net income of BRL 53.81 million a year ago. Basic loss per share from continuing operations was BRL 0.27166 compared to basic earnings per share from continuing operations of BRL 0.3817 a year ago.
For the six months, net loss was BRL 53.38 million compared to net income of BRL 91.46 million a year ago. Basic loss per share from continuing operations was BRL 0.37863 compared to basic earnings per share from continuing operations of BRL 0.64869 a year ago.
PBG SA, formerly Portobello SA, is a Brazil-based company primarily engaged in the production and commercialization of ceramic products. The Companyâs portfolio includes flooring, technical and enameled porcelain tiles, decorative pieces, mosaics, products for the coating of internal walls and external facades, among others. Through its subsidiaries, the Company is also involved in the administration of network of franchise stores, under brand names Portobello Shop and Emporio Portobello, specializing in ceramic tiles. Additionally, the Company is active in the provision of complementary services in the construction materials area. The Companyâs subsidiaries include Portobello America Inc, PBTech Comercio e Servicos de Revestimentos Ceramicos Ltda, Portobello Shop SA and Mineracao Portobello Ltda.
PBG S.A. 
