Sequoia Logística e Transportes S.A. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was BRL 302.16 million compared to BRL 449.14 million a year ago. Net loss was BRL 87.7 million compared to BRL 29.8 million a year ago.

Basic loss per share from continuing operations was BRL 0.6242 compared to BRL 0.21358 a year ago. Diluted loss per share from continuing operations was BRL 0.6242 compared to BRL 0.21358 a year ago.