Unicasa Indústria de Móveis S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 12, 2023
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Unicasa Indústria de Móveis S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net income was BRL 3.92 million compared to BRL 7.36 million a year ago. Basic earnings per share from continuing operations was BRL 0.06 compared to BRL 0.112 a year ago. Diluted earnings per share from continuing operations was BRL 0.06 compared to BRL 0.112 a year ago.
For the nine months, net income was BRL 8.66 million compared to BRL 27.99 million a year ago. Basic earnings per share from continuing operations was BRL 0.132 compared to BRL 0.424 a year ago. Diluted earnings per share from continuing operations was BRL 0.132 compared to BRL 0.424 a year ago.
Unicasa Industria de Moveis SA is a Brazil-based company engaged in the production and trade of furniture. The Company is active in the manufacture, sale, import and export of furniture made of wood, iron, steel and aluminum. It is primarily involved in the production of furniture made of medium density fiberboard (MDF) and medium density particleboard (MDP). Additionally, the Company sells accessories and decoration items. Its product portfolio include a range of furnishing solutions, including kitchens, bedrooms, closets, home theaters, laundries and toilets, as well as furniture equipment for offices and children rooms. The Company has a network of stores in Brazil and abroad, which sell its products under brand names Dell Anno, Favorita, New and Telasul Madeira. It operates an industrial park located in the city of Bento Goncalves, in the Brazilian state of Rio Grande do Sul.