JSL S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 07, 2023
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JSL S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was BRL 205.25 million compared to BRL 29.84 million a year ago. Basic earnings per share from continuing operations was BRL 0.9633 compared to BRL 0.1399 a year ago. Diluted earnings per share from continuing operations was BRL 0.9633 compared to BRL 0.1399 a year ago.
For the six months, net income was BRL 232.03 million compared to BRL 62.87 million a year ago. Basic earnings per share from continuing operations was BRL 1.089 compared to BRL 0.2948 a year ago. Diluted earnings per share from continuing operations was BRL 1.089 compared to BRL 0.2948 a year ago.
JSL SA is a Brazil-based company engaged in the logistics sector. The Company provides services through six business lines: Road Cargo Transportation and Dedicated Road Cargo Logistics, involved in the supply chain and management of the information of the logistics chain of the customer; Commodity Logistics, which offers customized solutions for the paper and cellulose, mining and sugar-energy sectors; Internal Logistics, that consist on the internal handling of raw materials, products, inventory management and assembly line supply of the customer; Urban Distribution, which includes supply of points of sale and management of the return of packaging; Warehousing Services, dedicated to the reception, storage and dispatch of goods and inventory management; and Chartering, which provides transportation services for employees of companies that are customers through the other services provided by the Company. The Firm is controlled by Simpar SA.