São Martinho S.A. Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 08, 2023
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São Martinho S.A. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was BRL 1,534.99 million compared to BRL 1,581.8 million a year ago. Net income was BRL 418.09 million compared to BRL 212.6 million a year ago. Basic earnings per share from continuing operations was BRL 1.2071 compared to BRL 0.6138 a year ago.
For the six months, sales was BRL 2,877.58 million compared to BRL 3,279.25 million a year ago. Net income was BRL 638.36 million compared to BRL 434.18 million a year ago. Basic earnings per share from continuing operations was BRL 1.843 compared to BRL 1.2535 a year ago.
Sao Martinho SA is a Brazil-based sugar and energy company. The Companyâs operations include the production and marketing of sugar, ethanol, electricity and other products from sugarcane. Sao Martinho SAâs operations comprise four mills: Sao Martinho, Santa Cruz and Iracema, as well as Boa Vista. The Companyâs portfolio includes multiple types of sugar, including white, very high polarity and very-very high polarity sugar (VHP and VVHP). Sao Martinho SA produces hydrous ethanol (for ethanol-fueled vehicles), anhydrous ethanol (used as a fuel additive) and industrial grade ethanol for other purposes. It also generates electricity from sugarcane bagasse. The Company has several subsidiaries, including Sao Martinho Terras Agricolas SA, Sao Martinho Terras Imobiliarias SA, Bioenergia Sao Martinho Ltda and Bioenergetica Santa Cruz SA.
SÃO MARTINHO S.A. 
