PBG S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2019
November 13, 2019
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PBG S.A. reported earnings results for the third quarter and nine months ended September 30, 2019. For the quarter, the company reported income from sales of goods and/or services of BRL 262,200,000 compared to BRL 250,837,000 a year ago. Consolidated net loss for the period was of BRL 2,912,000 or BRL 0.01837 earnings per common share compared to net income of BRL 2,576,000 or BRL 0.01625 per common share a year ago.
For the nine months, the company reported income from sales of goods and/or services of BRL 721,239,000 compared to BRL 250,837,000 a year ago. Consolidated net income for the period was of BRL 4,012,000 or BRL 0.02531 per common share compared to net income of BRL 2,576,000 or BRL 0.66860 per common share 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. 
