Santos Brasil Participações S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022 at 06:14 pm EST
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Santos Brasil Participações S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net income was BRL 109.77 million compared to BRL 66.63 million a year ago. Basic earnings per share from continuing operations was BRL 0.12718 compared to BRL 0.07728 a year ago. Diluted earnings per share from continuing operations was BRL 0.12661 compared to BRL 0.07699 a year ago.
For the nine months, net income was BRL 306.41 million compared to BRL 157.95 million a year ago. Basic earnings per share from continuing operations was BRL 0.35502 compared to BRL 0.18322 a year ago. Diluted earnings per share from continuing operations was BRL 0.35341 compared to BRL 0.18251 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. 
