Tecnisa S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2021
March 24, 2022 at 07:43 pm EDT
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Tecnisa S.A. reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported revenue was BRL 17.39 million compared to BRL 37.23 million a year ago. Net loss was BRL 58.96 million compared to BRL 30.7 million a year ago. Basic loss per share from continuing operations was BRL 0.8009 compared to BRL 0.417 a year ago.
For the full year, revenue was BRL 140.96 million compared to BRL 174.17 million a year ago. Net loss was BRL 184.73 million compared to BRL 164.85 million a year ago. Basic loss per share from continuing operations was BRL 2.5092 compared to BRL 2.2393 a year ago.
Tecnisa SA is a Brazil-based company involved in the real estate sector. The Company and its subsidiaries are engaged in the development, construction, leasing, management, purchase and sale of residential and commercial real estate properties and lands. In addition, the Company offers consulting services related to real estate market. The Company develops, sells and builds residential and commercial projects with an integrated business model. The Company operates from the land acquisition until financing part of its customers. In addition, the Company offers consulting services related to real estate market. It operates in the Brazilian market. The Company focuses on the region of Sao Paulo (main market), followed by Brasilia and Curitiba.
TECNISA S.A. 
