Tecnisa S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023
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Tecnisa 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 86.56 million compared to BRL 70.39 million a year ago. Revenue was BRL 85.92 million compared to BRL 72.15 million a year ago. Net loss was BRL 7.99 million compared to net income of BRL 1.66 million a year ago.
For the nine months, sales was BRL 311.77 million compared to BRL 156.48 million a year ago. Revenue was BRL 310.62 million compared to BRL 160.19 million a year ago. Net income was BRL 0.736 million compared to net loss of BRL 14.74 million a year ago.
Tecnisa SA is a Brazil-based company involved in the real estate sector. The Company and its subsidiaries are engaged in the development, construction, leasing, management, purchase and sale of residential and commercial real estate properties and lands. In addition, the Company offers consulting services related to real estate market. The Company develops, sells and builds residential and commercial projects with an integrated business model. The Company operates from the land acquisition until financing part of its customers. In addition, the Company offers consulting services related to real estate market. It operates in the Brazilian market. The Company focuses on the region of Sao Paulo (main market), followed by Brasilia and Curitiba.
TECNISA S.A. 
