Simpar S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 10, 2021
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SIMPAR S.A. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was BRL 3,149.066 million compared to BRL 2,180.210 million a year ago. Net income was BRL 267.247 million compared to BRL 44.560 million a year ago. For the half year, sales was BRL 5,769.172 million compared to BRL 4,517.244 million a year ago. Net income was BRL 361.490 million compared to BRL 38.071 million 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.