PBG S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 30, 2023
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PBG S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was BRL 3.97 million compared to BRL 52.5 million a year ago. Basic earnings per share from continuing operations was BRL 0.02814 compared to BRL 0.37236 a year ago.
For the nine months, net loss was BRL 49.42 million compared to net income of BRL 143.95 million a year ago. Basic loss per share from continuing operations was BRL 0.35049 compared to basic earnings per share from continuing operations of BRL 1.02105 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. 
