Ser Educacional S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 13, 2023
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Ser Educacional S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was BRL 31.38 million compared to net loss of BRL 39.09 million a year ago. Basic earnings per share from continuing operations was BRL 0.2441 compared to basic loss per share from continuing operations of BRL 0.304 a year ago.
For the six months, net income was BRL 3.03 million compared to net loss of BRL 57.41 million a year ago. Basic earnings per share from continuing operations was BRL 0.02358 compared to basic loss per share from continuing operations of BRL 0.44645 a year ago.
Ser Educacional SA is a Brazil-based company principally engaged in the education sector. The Company focuses on developing post-secondary, vocational and higher education institutions. The Company provides undergraduate, graduate, masterâs degree and doctoral degree courses, Master of Business Administration (MBA) programs and vocational trainings. In addition, it manages research institutes that develop educational, scientific, political, economic and social projects. The Company also organizes national and international conferences in various areas, such as business administration, law, tourism, communications, information technology, health and education. The Company's education network is located in over10 Brazilian states amd consists of universities, colleges and a university center.