Cogna Educação S.A. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 10, 2023
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Cogna Educação S.A. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net income was BRL 54.39 million compared to net loss of BRL 13.11 million a year ago. Basic earnings per share from continuing operations was BRL 0.03.
Diluted earnings per share from continuing operations was BRL 0.03.
Cogna Educacao SA, formerly Kroton Educacional SA, is a Brazil-based company active in the private education sector. The Company focuses on developing primary and secondary schools, post-secondary and undergraduate programs, as well as vocational courses. The Company's activities are divided into three business segments: In-class higher education, which offers port-secondary programs on campus; Distance learning higher education (EAD), which provides port-secondary programs via online platform, and Basic education, which includes own and managed primary schools, collection and development of teaching materials, school management advisory, as well as educational support tools, among others. The Company operates a number of brand names, such as Anhanguera, Fama, Pitagoras, Unic, Unime and Unopar. In addition, it is involved in the wholesale, retail, distribution, import and export of textbooks, course books, magazines and other publications related to education.