LOG Commercial Properties e Participações S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023
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LOG Commercial Properties e Participações S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was BRL 57.42 million compared to BRL 54.31 million a year ago. Net income was BRL 42.75 million compared to BRL 99.79 million a year ago. Basic earnings per share from continuing operations was BRL 0.42796 compared to BRL 0.98869 a year ago. Diluted earnings per share from continuing operations was BRL 0.42791 compared to BRL 0.98814 a year ago.
For the six months, sales was BRL 124.44 million compared to BRL 95.1 million a year ago. Net income was BRL 70.24 million compared to BRL 231.24 million a year ago. Basic earnings per share from continuing operations was BRL 0.70313 compared to BRL 2.289 a year ago. Diluted earnings per share from continuing operations was BRL 0.70313 compared to BRL 2.2861 a year ago.
Log Commercial Properties E Participacoes SA is a Brazil-based company, which is engaged in the development, construction and leasing of commercial properties, such as objects of logistic sector, homebuilding, industrial and commercial objects and others. The Company is active domestically and abroad in numerous cities, including: Rio de Janeiro, Sao Paulo, Goias, Bahia, Ceara and Parana among others, as well as has a portfolio of more than 1.5 million m2, with projected operations nationwide.