Santos Brasil Participações S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 20, 2024 at 11:35 pm
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Santos Brasil Participações S.A. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was BRL 760.39 million compared to BRL 539.84 million a year ago. Revenue was BRL 667.04 million compared to BRL 468.88 million a year ago. Net income was BRL 225.01 million compared to BRL 135.52 million a year ago.
For the full year, the company reported sales was BRL 2,428.59 million compared to BRL 2,217.93 million a year ago. Revenue was BRL 2,134.93 million compared to BRL 1,931.84 million a year ago. Net income was BRL 504.3 million compared to BRL 429.45 million a year ago.
Santos Brasil Participacoes SA is a Brazil-based holding company that provides logistics services. Through its subsidiaries, the Company manages and operates port facilities and provides integrated logistics for cargo transportation. The Company operates in three business areas: Port Container Terminals sector, which includes port operators engaged in loading and unloading container ships and bonded warehouses providing the storage of cargo handled in their docks; Logistics sector, which offers distribution center and transportation services, and Vehicles Terminal, which provides loading and unloading of vehicles and cars warehousing. The Companyâs three container terminals are located in the states of Sao Paulo, Para and Santa Catarina.