Raízen S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
February 14, 2023
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Raízen S.A. reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was BRL 60,368.35 million compared to BRL 55,389.29 million a year ago. Net income was BRL 174.18 million compared to BRL 1,385.38 million a year ago. Basic earnings per share from continuing operations was BRL 0.02 compared to BRL 0.13 a year ago. Diluted earnings per share from continuing operations was BRL 0.02 compared to BRL 0.13 a year ago.
For the nine months, sales was BRL 190,864.48 million compared to BRL 137,776.17 million a year ago. Net loss was BRL 154.04 million compared to net income of BRL 2,898.6 million a year ago. Basic loss per share from continuing operations was BRL 0.01 compared to basic earnings per share from continuing operations of BRL 0.36 a year ago. Diluted loss per share from continuing operations was BRL 0.01 compared to diluted earnings per share from continuing operations of BRL 0.36 a year ago.
Raizen SA, formerly known as Raizen Combustiveis SA, is a Brazil based company involved in the energy sector. The Companyâs activities are divided into four business lines: Renewables, Marketing and Services, Proximity and Sugar. The Renewables division is engaged in the production of ethanol, second generation ethanol, bioelectricity, biogas and bioproducts. The Marketing and Services division is focused on the distribution and sale of fuels to Shell gas stations, airports and other Business-to-Business (B2B) customers. The Proximity division is involved in the operation of convenience stores under OXXO and Shell Select brand names. The Sugar division consists of the production of sugar, such as crystalline, liquid, refined, organic and Very High Polarization (VHP), among others. The Company operates in Brazil and Argentina.
RAÍZEN S.A. 
