BrasilAgro - Companhia Brasileira de Propriedades Agrícolas Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 08, 2024 at 06:18 pm
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BrasilAgro - Companhia Brasileira de Propriedades Agrícolas reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was BRL 121.78 million compared to BRL 190.69 million a year ago. Net loss was BRL 30.15 million compared to BRL 3.29 million a year ago. Basic loss per share from continuing operations was BRL 0.3034 compared to BRL 0.0753 a year ago. Diluted loss per share from continuing operations was BRL 0.3027 compared to BRL 0.0749 a year ago.
For the nine months, sales was BRL 540.76 million compared to BRL 645.71 million a year ago. Net loss was BRL 5.98 million compared to net income of BRL 25.83 million a year ago. Basic loss per share from continuing operations was BRL 0.0601 compared to basic earnings per share from continuing operations of BRL 0.2614 a year ago. Diluted loss per share from continuing operations was BRL 0.0599 compared to diluted earnings per share from continuing operations of BRL 0.26 a year ago.
Brasilagro Companhia Brasileira de Propriedades Agricolas is a Brazil-based company focused on the acquisition, development and exploration of rural properties suitable for agricultural activities. The Company seeks to transform their acquired properties through investments in infrastructure and technologies which permit cultivation of high value-added crops, such as soybean, corn and sugarcane as well as cattle raising. Brasilagroâs activities are divided into six business segments: Real Estate, that presents the Profit and Loss (P&L) from operations carried out in the Companyâs subsidiaries; Grains, a producer and seller of soybean, corn and bean; Sugarcane, a seller of raw product; Cattle Raising, which produces and sales beef calves after weaning; Cotton, a producer and seller of cotton lint and seed as well as the Other segment. The Company has several subsidiaries including Imobiliaria Mogno Ltda, Agrifirma Delaware LLC and Agrifirma Bahia Agropecuaria Ltda.
BRASILAGRO - COMPANHIA BRASILEIRA DE PROPRIEDADES AGRÍCOLAS 
