São Martinho S.A. Reports Earnings Results for the Third Quarter Ended December 31, 2020
February 09, 2021 at 06:11 am EST
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São Martinho S.A. announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was BRL 1,210.979 million compared to BRL 1,029.194 million a year ago. Operating income was BRL 375.489 million compared to BRL 618.591 million a year ago. Net income was BRL 272.164 million compared to BRL 342.920 million a year ago. For the nine months, total revenue was BRL 3,151.727 million compared to BRL 2,547.588 million a year ago. Operating income was BRL 1,220.834 million compared to BRL 892.392 million a year ago. Net income was BRL 719.764 million compared to BRL 496.365 million 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. 
