Tecnisa S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 05:10 pm EST
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Tecnisa S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was BRL 72.15 million compared to BRL 25.43 million a year ago. Net income was BRL 1.66 million compared to net loss of BRL 45.01 million a year ago. Basic earnings per share from continuing operations was BRL 0.0225 compared to basic loss per share from continuing operations of BRL 0.6113 a year ago.
For the nine months, revenue was BRL 160.19 million compared to BRL 123.57 million a year ago. Net loss was BRL 14.74 million compared to BRL 125.76 million a year ago. Basic loss per share from continuing operations was BRL 0.2002 compared to BRL 1.7083 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. 
