SIMPAR S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023
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SIMPAR S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 8,318.11 million compared to BRL 6,823.35 million a year ago. Net loss was BRL 136.52 million compared to net income of BRL 18.5 million a year ago. Basic loss per share from continuing operations was BRL 0.1651 compared to basic earnings per share from continuing operations of BRL 0.0229 a year ago. Diluted loss per share from continuing operations was BRL 0.1652 compared to diluted earnings per share from continuing operations of BRL 0.0226 a year ago.
For the nine months, sales was BRL 23,321.79 million compared to BRL 16,740.7 million a year ago. Net loss was BRL 118 million compared to net income of BRL 312.15 million a year ago. Basic loss per share from continuing operations was BRL 0.1427 compared to basic earnings per share from continuing operations of BRL 0.3778 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. 
