AgroGalaxy Participações S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 13, 2023
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AgroGalaxy Participações S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was BRL 1,832.01 million compared to BRL 1,967.03 million a year ago. Net loss was BRL 388.83 million compared to BRL 148.31 million a year ago. Basic loss per share from continuing operations was BRL 2.3223 compared to BRL 1.0842 a year ago. Diluted loss per share from continuing operations was BRL 2.3223 compared to BRL 1.0842 a year ago.
For the six months, sales was BRL 4,617.3 million compared to BRL 5,112.32 million a year ago. Net loss was BRL 432.43 million compared to BRL 208.04 million a year ago. Basic loss per share from continuing operations was BRL 2.5828 compared to BRL 1.2426 a year ago. Diluted loss per share from continuing operations was BRL 2.5828 compared to BRL 1.2426 a year ago.
AgroGalaxy Participacoes SA is a Brazil-based retail platform for agricultural inputs and services aimed at Brazilian agribusiness, operating in the commercialization of agricultural inputs, production and processing of seeds, origination of grains (which involves the acquisition, processing, storage and the commercialization of grains), in addition to providing agricultural services, insurance, financial solutions and technology. With coverage in 12 Brazilian states, the Company has an integrated ecosystem, offering products and solutions for the needs of rural producers. The Company has 145 stores, including commercial points (which do not have stock), 28 silos, 3 soybean seed plants operated by the Company and 5 tooling plants, covering approximately 1,000 cities. The Company's target audience is small and medium-sized producers, with a cultivated area of up to ten thousand hectares.
AGROGALAXY PARTICIPAÇÕES S.A. 
