Rumo S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 10, 2022
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Rumo S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net income was BRL 33.9 million compared to BRL 312.14 million a year ago. Basic earnings per share from continuing operations was BRL 0.01831 compared to BRL 0.16853 a year ago. Diluted earnings per share from continuing operations was BRL 0.01825 compared to BRL 0.16754 a year ago.
For the six months, net loss was BRL 32.73 million compared to net income of BRL 484.39 million a year ago. Basic loss per share from continuing operations was BRL 0.01767 compared to basic earnings per share from continuing operations of BRL 0.26145 a year ago. Diluted loss per share from continuing operations was BRL 0.01767 compared to diluted earnings per share from continuing operations of BRL 0.26004 a year ago.
Rumo SA is a Brazil-based company primarily engaged in the cargo transportation sector. Through its subsidiaries, the Company operates in the rail transportation segment in the Southern and the Midwest regions of Brazil, with rail network that consists of five concessions with approximately 13,500 km of railroad tracks. Rumo SA manages also transshipment terminals located in the states of Mato Grosso, Sao Paulo, Parana, and Rio Grande do Sul, as well as port elevation in terminal in Porto de Santos. In addition, through Brado Logistica e Participacoes SA, it is engaged in container operations. The Company offers transportation of agricultural commodities, fuel and final goods, intermodal freight transport, integrated warehousing services, port operations and handling of merchandises, among others.
RUMO S.A. 
