Menu
placeholder 1
Back to News

Business

Simpar's profit grows 4 times in the 2nd quarter

São Paulo, September 2024.

Simpar made a net profit of R$ 49.3 million in the second quarter of 2024, a fourfold increase on the net profit of R$ 12.3 million in the same period of 2023, according to financial statements sent to the Securities and Exchange Commission (CVM) on Thursday (8). The amounts refer to those attributable to the controlling shareholders.

Total net revenue increased by 36.3% between the two periods, from R$ 7.563 billion to R$ 10.307 billion, with Services revenue standing out (R$ 8.013 billion, an annual increase of 32.6%). Revenues from the sale of assets amounted to R$ 2.070 billion and construction revenues to R$ 223 million.

Earnings before interest, taxes, depreciation and amortization (Ebitda) stood at R$ 2.664 billion in the second quarter of this year, an increase of 17.5% compared to Ebitda of R$ 2.267 billion a year earlier.

Read the full story at: https://valor.globo.com/empresas/noticia/2024/08/08/lucro-da-simpar-cresce-4-vezes-no-2o-trimestre.ghtml