SIMPAR S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 06, 2022 at 03:29 pm EDT
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SIMPAR S.A. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was BRL 4,590.3 million compared to BRL 2,620.11 million a year ago. Net income was BRL 191.68 million compared to BRL 94.24 million a year ago. Basic earnings per share from continuing operations was BRL 0.2384 compared to BRL 0.1164 a year ago. Diluted earnings per share from continuing operations was BRL 0.2351 compared to BRL 0.1164 a year ago.
Simpar SA is a Brazil-based provider of financial investment services. It operates as a holding company for JSL Group. Through its subsidiaries, the Company provides services divided in seven segments: JSL Logistica, dedicated to the transportation and logistics sectors; Vamos, involved in leasing, buying, and selling trucks, machinery and new and used equipment; Movida, engaged in in the light vehicle rental and fleet management sector; CS Brasil, which provides services to public agencies and companies, including fleet management and outsourcing, urban passenger transport and urban cleaning services; Original Concessionarias, engaged in sale of Volkswagen, FIAT and Ford cars and parts; BBC, offering financial services, such as leasing, issuing and administration of credit cards and processing of electronic payments; and Holding and others, composed mainly by entities located abroad, used as a fundraising vehicles.
SIMPAR S.A. 
