Veste S.A. Estilo Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 07:49 pm EDT
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Veste S.A. Estilo reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was BRL 5.16 million compared to net loss of BRL 43.77 million a year ago. Basic earnings per share from continuing operations was BRL 0.0445 compared to basic loss per share from continuing operations of BRL 5.0858 a year ago. Diluted earnings per share from continuing operations was BRL 0.0445 compared to diluted loss per share from continuing operations of BRL 5.0854 a year ago.
For the six months, net income was BRL 11.73 million compared to net loss of BRL 102.82 million a year ago. Basic earnings per share from continuing operations was BRL 0.1041 compared to basic loss per share from continuing operations of BRL 11.9463 a year ago. Diluted earnings per share from continuing operations was BRL 0.1041 compared to diluted loss per share from continuing operations of BRL 11.9463 a year ago.
Restoque Comercio e Confeccoes de Roupas SA, formerly Le Lis Blanc Deux Comercio e Confeccoes de Roupas SA, is a Brazil-based company primarily engaged in the fashion industry. The Company focuses on the design, development, manufacture and trade of apparel and accessories for women and men. It distributes products through own and multi-brand stores, wholesale network, franchise and outlet stores, as well as online platform. The Company's apparel brand names comprise Le Lis Blanc Deux, Dudalina, Bo Bo - Bourgeois Boheme, John John, Noir Lelis, Individual and Rosa Cha. In addition, the Company retails home decor items, hygiene articles and cosmetics. The Companyâs subsidiaries include Dudalina SA.
VESTE S.A. ESTILO 
