Rio Alto Energias Renováveis S.A. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was BRL 31.81 million compared to BRL 19.1 million a year ago. Revenue was BRL 31.81 million compared to BRL 19.1 million a year ago. Net loss was BRL 38.39 million compared to BRL 16.58 million a year ago. Basic loss per share from continuing operations was BRL 0.834 compared to BRL 0.36 a year ago. Diluted loss per share from continuing operations was BRL 0.834 compared to BRL 0.36 a year ago.
For the nine months, sales was BRL 95.25 million compared to BRL 53.19 million a year ago. Revenue was BRL 95.25 million compared to BRL 53.19 million a year ago. Net loss was BRL 112.26 million compared to BRL 34.56 million a year ago. Basic loss per share from continuing operations was BRL 2.44 compared to BRL 0.751 a year ago. Diluted loss per share from continuing operations was BRL 2.44 compared to BRL 0.751 a year ago.