EZTEC Empreendimentos e Participações S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 05:19 pm EDT
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EZTEC Empreendimentos e Participações S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was BRL 242.56 million compared to BRL 288.75 million a year ago. Net income was BRL 83.12 million compared to BRL 139.49 million a year ago. Basic earnings per share from continuing operations was BRL 0.38 compared to BRL 0.61 a year ago.
For the six months, revenue was BRL 529.72 million compared to BRL 483.72 million a year ago. Net income was BRL 187.77 million compared to BRL 212.4 million a year ago. Basic earnings per share from continuing operations was BRL 0.85 compared to BRL 0.94 a year ago.
EZTEC Empreendimentos e Participacoes SA is a Brazil-based company involved in the real estate development sector. The Company focuses on the land acquisition and subdivision, project development, buildings construction and sale, as well as management and leasing of own properties, among others. In addition, it provides services related to civil engineering operations, such as supervision, research, projecting and other technical services. The Company's activities are divided into two business segments: Commercial, which develops office buildings, and Residential, which develops housing projects for low, middle and high-income customers. It primarily invests in lands located in the city and metropolitan area of Sao Paulo, Brazil.
EZTEC EMPREENDIMENTOS E PARTICIPAÇÕES S.A. 
