Tecnisa S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 26, 2022 at 11:03 am EDT
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Tecnisa S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was BRL 40.04 million compared to BRL 58.85 million a year ago. Revenue was BRL 40.57 million compared to BRL 65.47 million a year ago. Net loss was BRL 9.35 million compared to BRL 54.39 million a year ago.
For the six months, sales was BRL 86.09 million compared to BRL 83.64 million a year ago. Revenue was BRL 88.05 million compared to BRL 98.15 million a year ago. Net loss was BRL 16.4 million compared to BRL 80.76 million 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. 
