Brasil Brokers Participações S.A. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 13, 2018
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Brasil Brokers Participações S.A. announced consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported net revenue was BRL 25,200,000 against BRL 24,620,000 a year ago. Negative EBITDA was BRL 10,931,000 against BRL 11,365,000 a year ago. Loss before taxes was BRL 11,716,000 against BRL 12,475,000 a year ago. Net losses from operations were BRL 12,966,000 against BRL 13,291,000 a year ago. On adjusted basis, net revenue was BRL 26,361,000 against BRL 23,998,000 a year ago. Negative EBITDA was BRL 9,139,000 against BRL 10,179,000 a year ago. Loss before taxes was BRL 9,938,000 against BRL 11,277,000 a year ago. Net losses from operations were BRL 11,093,000 against BRL 12,079,000 a year ago.
For the nine months, the company reported net revenue was BRL 76,283,000 against BRL 65,941,000 a year ago. Negative EBITDA was BRL 30,381,000 against BRL 32,252,000 a year ago. Loss before taxes was BRL 33,977,000 against BRL 34,642,000 a year ago. Net losses from operations were BRL 37,204,000 against BRL 36,520,000 a year ago. On adjusted basis, net revenue was BRL 76,283,000 against BRL 63,813,000 a year ago. Negative EBITDA was BRL 26,499,000 against BRL 31,063,000 a year ago. Loss before taxes was BRL 30,095,000 against BRL 33,471,000 a year ago. Net losses from operations were BRL 33,189,000 against BRL 35,281,000 a year ago.
Brasil Brokers Participacoes Sa is a Brazil-based company engaged in the real estate sector. Through its subsidiaries, the Company is primarily involved in the real estate brokerage and consulting services. It operates in the Brazilian states of Rio de Janeiro, Sao Paulo, Rio Grande do Sul, Espirito Santo, Minas Gerais, Bahia, Goias, Amazonas, Para, Pernambuco, Rio Grande do Norte and Distrito Federal, among others. The Company's brokerage services include the sale of office building, residential units, subdivisions, condominiums, shopping centers, commercial complexes, hotels and flats. As of December 31, 2011, the Company had a number of subsidiaries, including Abreu Brokers Servicos Imobiliarios SA, Abyara Brokers Intermediacao Imobiliaria SA, Acer Consultores em Imoveis Ltda, Agil Negocios Imobiliarios Ltda, Avance Negocios Imobiliarios SA and Basimovel Consultoria Imobiliaria Ltda, among others.