SYN prop e tech S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 09, 2022
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SYN prop e tech S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was BRL 105.41 million compared to BRL 124.62 million a year ago. Net income was BRL 6.85 million compared to BRL 9.03 million a year ago. Basic earnings per share from continuing operations was BRL 0.0449 compared to BRL 0.05914 a year ago. Diluted earnings per share from continuing operations was BRL 0.0449 compared to BRL 0.05914 a year ago.
For the nine months, sales was BRL 359.36 million compared to BRL 355.86 million a year ago. Net loss was BRL 33.23 million compared to net income of BRL 23.28 million a year ago. Basic loss per share from continuing operations was BRL 0.21767 compared to basic earnings per share from continuing operations of BRL 0.15252 a year ago. Diluted loss per share from continuing operations was BRL 0.21767 compared to diluted earnings per share from continuing operations of BRL 0.15252 a year ago.
SYN prop e tech SA, formerly known as Cyrela Commercial Properties SA Empreendimentos e Participacoes, is a Brazil-based company involved in the real estate sector. The Company focuses on the development, trade and management of commercial properties in Brazil. Its activities are divided into five business segments: Commercial Buildings, which consists of the sale and leasing of completed office properties; Real Estate Development, which is involved in the sale of office units under construction; Warehouses, which offers leasing of industrial warehouses; Shopping malls, which is responsible for the lease of stores in shopping malls; and Services, which provides management of shopping malls and parking lots, as well as development of properties. The Company owns a number of subsidiaries, such as Aquarius Empreendimentos e Participacoes Ltda, Millennium de Investimentos Imobiliarios Ltda and Miconia Empreendimentos Imobiliarios Ltda, among others.
SYN PROP & TECH S.A. 
