Bicicletas Monark S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was BRL 4.5 million compared to BRL 5.94 million a year ago. Net income was BRL 3.86 million compared to BRL 8.92 million a year ago. Basic earnings per share from continuing operations was BRL 8.49353 compared to BRL 19.61082 a year ago. Diluted earnings per share from continuing operations was BRL 8.49353 compared to BRL 19.61082 a year ago.
For the nine months, revenue was BRL 11.8 million compared to BRL 14.3 million a year ago. Net income was BRL 14.46 million compared to BRL 18.91 million a year ago. Basic earnings per share from continuing operations was BRL 31.80543 compared to BRL 41.57363 a year ago. Diluted earnings per share from continuing operations was BRL 31.80543 compared to BRL 41.57363 a year ago.