Cogna Educa??o S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 12, 2021 at 03:42 pm IST
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Cogna Educa??o S.A. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was BRL 1,388.91 million compared to BRL 1,572.37 million a year ago. Revenue was BRL 1,022.44 million compared to BRL 1,112.34 million a year ago. Net loss was BRL 370.22 million compared to BRL 1,292.04 million a year ago.
For the nine months, sales was BRL 4,423.72 million compared to BRL 5,022.97 million a year ago. Revenue was BRL 3,280.48 million compared to BRL 3,774.69 million a year ago. Net loss was BRL 554.14 million compared to BRL 1,785.89 million a year ago.
Cogna Educacao SA, formerly Kroton Educacional SA, is a Brazil-based company active in the private education sector. The Company focuses on developing primary and secondary schools, post-secondary and undergraduate programs, as well as vocational courses. The Company's activities are divided into three business segments: In-class higher education, which offers port-secondary programs on campus; Distance learning higher education (EAD), which provides port-secondary programs via online platform, and Basic education, which includes own and managed primary schools, collection and development of teaching materials, school management advisory, as well as educational support tools, among others. The Company operates a number of brand names, such as Anhanguera, Fama, Pitagoras, Unic, Unime and Unopar. In addition, it is involved in the wholesale, retail, distribution, import and export of textbooks, course books, magazines and other publications related to education.
COGNA EDUCAÇÃO S.A. 
