Pbg S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 10, 2019 at 07:29 am IST
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PBG S.A. Announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced net income was BRL 24.130 million compared to BRL 96.408 million a year ago. Basic earnings per share was BRL 0.15226 compared to BRL 0.60829 a year ago. For the half year, net income was BRL 6.923 million compared to BRL 103.397 million a year ago. Basic earnings per share was BRL 0.04368 compared to BRL 0.65239 a year ago.
PBG SA, formerly Portobello SA, is a Brazil-based company primarily engaged in the production and commercialization of ceramic products. The Companyâs portfolio includes flooring, technical and enameled porcelain tiles, decorative pieces, mosaics, products for the coating of internal walls and external facades, among others. Through its subsidiaries, the Company is also involved in the administration of network of franchise stores, under brand names Portobello Shop and Emporio Portobello, specializing in ceramic tiles. Additionally, the Company is active in the provision of complementary services in the construction materials area. The Companyâs subsidiaries include Portobello America Inc, PBTech Comercio e Servicos de Revestimentos Ceramicos Ltda, Portobello Shop SA and Mineracao Portobello Ltda.