Helbor Empreendimentos S.A. Announces Parent and Consolidated Earnings Results for the First Quarter Ended March 31, 2020
June 16, 2020
Share
Helbor Empreendimentos S.A. announced parent and consolidated earnings results for the first quarter ended March 31, 2020. For the quarter, on parent basis, the company announced net revenue of BRL 3.678 million compared to BRL 0.667 million a year ago. Profit for the period was BRL 5.445 million compared to loss of BRL 39.279 million a year ago. Basic earnings per share was BRL 0.0082 against BRL 0.0869 a year ago.
For the quarter, on consolidated basis, the company announced net revenue of BRL 258.654 million compared to BRL 232.222 million a year ago. Profit for the period was BRL 12.087 million compared to loss of BRL 39.963 million a year ago.
Helbor Empreendimentos SA, formerly Helbor Empreendimentos Imobiliarios Ltda, is a Brazil-based company involved in the real estate sector. The Company is principally engaged in the development, acquisition, sale and management of residential and commercial real estate properties. The Company is presented in the domestic market in around ten states and the Federal District, covering approximately 31 Brazilian cities. The Company operates through a numerous subsidiaries, including SCP Helbor Resort Reserva do Mar, SCP Helbor Tendence, SCP Howa, SCP Coral Gables, SPE Capital Federal Investimentos Imobiliarios Ltda, SCP Edificio Helbor Home Flex Gonzaga and SCP Helbor Reserva do Itapety, among others.
HELBOR EMPREENDIMENTOS S.A. 
