SIMPAR S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 05:48 am EST
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SIMPAR S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was BRL 6,902.42 million compared to BRL 3,958.28 million a year ago. Net income was BRL 18.5 million compared to BRL 245.76 million a year ago. Basic earnings per share from continuing operations was BRL 0.0229 compared to BRL 0.3134 a year ago. Diluted earnings per share from continuing operations was BRL 0.0226.
For the nine months, sales was BRL 16,956.14 million compared to BRL 9,727.45 million a year ago. Net income was BRL 312.15 million compared to BRL 607.25 million a year ago. Basic earnings per share from continuing operations was BRL 0.3778 compared to BRL 0.7624 a year ago. Diluted earnings per share from continuing operations was BRL 0.3727.
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. 
