Tecnisa S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 23, 2023 at 07:08 pm EDT
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Tecnisa S.A. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported revenue was BRL 69.76 million compared to BRL 17.39 million a year ago. Net income was BRL 15.79 million compared to net loss of BRL 58.96 million a year ago.
For the full year, the company reported sales was BRL 222.92 million compared to BRL 121.27 million a year ago. Revenue was BRL 237.35 million compared to BRL 146.36 million a year ago. Net income was BRL 1.05 million compared to net loss of BRL 184.73 million a year ago. Basic earnings per share from continuing operations was BRL 0.031 compared to basic loss per share from continuing operations of BRL 2.522 a year ago. Diluted earnings per share from continuing operations was BRL 0.031 compared to diluted loss per share from continuing operations of BRL 2.522 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. 
