Santos Brasil Participações S.A. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net income was BRL 45.86 million compared to BRL 90.35 million a year ago. Basic earnings per share from continuing operations was BRL 0.05308 compared to BRL 0.10473 a year ago.

Diluted earnings per share from continuing operations was BRL 0.05281 compared to BRL 0.10424 a year ago.