São Carlos Empreendimentos E Participações S.A. Reports Earnings Results for the Fourth Quarter Ended December 31, 2019
March 05, 2020 at 07:05 pm EST
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São Carlos Empreendimentos e Participações S.A. Announced earnings results for the fourth quarter ended December 31, 2019. For the fourth quarter, the company announced total revenue was BRL 124.186 million compared to BRL 62.030 million a year ago. Operating income was BRL 48.627 million compared to BRL 28.377 million a year ago. Net income was BRL 15.003 million compared to net loss of BRL 1.963 million a year ago. For the full year, total revenue was BRL 372.375 million compared to BRL 369.220 million a year ago. Operating income was BRL 211.280 million compared to BRL 151.247 million a year ago. Net income was BRL 86.352 million compared to BRL 15.654 million a year ago.
Sao Carlos Empreendimentos e Participacoes SA is a Brazil-based company principally engaged in the commercial real estate sector. The Company is involved in the management of its own or third party real estate properties, leasing of property and operation of parking lots. The Company's real estate portfolio includes office buildings, distribution centers and street stores, located in the states of Sao Paulo, Rio de Janeiro, Minas Gerais and Rio Grande do Sul. As of December 31, 2011, the Company's subsidiaries included 253 Participacoes Ltda, SC Corretora de Imoveis Ltda, SC Varejo Grande SP Empreendimentos e Participacoes Ltda, Top Center Empreendimentos e Participacoes Ltda and SC Sul Empreendimentos e Participacoes Ltda, among others. In November, 2013, the Company concluded sale of property Brazilian Financial Center to Fundo de Investimento Imobiliario FII Prime Portfolio and it received BRL 250 million.
SÃO CARLOS EMPREENDIMENTOS E PARTICIPAÇÕES S.A. 
