CVC Brasil Operadora e Ag?ncia de Viagens S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 13, 2021 at 04:52 am IST
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CVC Brasil Operadora e Ag?ncia de Viagens 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 230.37 million compared to BRL 62.03 million a year ago. Net loss was BRL 81.05 million compared to BRL 212.17 million a year ago. Basic loss per share from continuing operations was BRL 0.37 compared to BRL 0.93 a year ago. Diluted loss per share from continuing operations was BRL 0.37 compared to BRL 0.93 a year ago.
For the nine months, sales was BRL 511.83 million compared to BRL 462.04 million a year ago. Net loss was BRL 329.11 million compared to BRL 1,585.58 million a year ago. Basic loss per share from continuing operations was BRL 1.64 compared to BRL 10.14 a year ago.
CVC Brasil Operadora e Agência de Viagens S.A. is one of the main Brazilian tourist groups. Net sales break down by activity as follows:
- sale of tourist packages (911%): flights, transfers, accommodation, travel insurance, cultural and professional trips, excursions, etc. 62.2% of the turnover is realized in Brazil ;
- sale of cruise packages (9%).
At the end of 2018, products and services were marketed through a network of 29 tourist sales outlets and 1,302 exclusive travel agencies, through more than 7,150 independent agents and via the online distribution platforms cvc.com.br and submarinoviagens.com.br.