Santos Brasil Participações S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 06:46 pm EST
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Santos Brasil Participações 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 139.04 million compared to BRL 105.99 million a year ago. Basic earnings per share from continuing operations was BRL 0.1609 compared to BRL 0.1228 a year ago. Diluted earnings per share from continuing operations was BRL 0.16014 compared to BRL 0.12224 a year ago.
For the nine months, net income was BRL 279.3 million compared to BRL 293.93 million a year ago. Basic earnings per share from continuing operations was BRL 0.32322 compared to BRL 0.34055 a year ago. Diluted earnings per share from continuing operations was BRL 0.32169 compared to BRL 0.33901 a year ago.
Santos Brasil Participacoes SA is a Brazil-based holding company that provides logistics services. Through its subsidiaries, the Company manages and operates port facilities and provides integrated logistics for cargo transportation. The Company operates in three business areas: Port Container Terminals sector, which includes port operators engaged in loading and unloading container ships and bonded warehouses providing the storage of cargo handled in their docks; Logistics sector, which offers distribution center and transportation services, and Vehicles Terminal, which provides loading and unloading of vehicles and cars warehousing. The Companyâs three container terminals are located in the states of Sao Paulo, Para and Santa Catarina.
SANTOS BRASIL PARTICIPAÇÕES S.A. 
