São Carlos Empreendimentos E Participações S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 12, 2019 at 11:56 pm
Share
São Carlos Empreendimentos e Participações S.A. Announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was BRL 129.560 million compared to BRL 69.910 million a year ago. Net income was BRL 60.036 million compared to net loss of BRL 464,000 a year ago. For the half year, total revenue was BRL 186.596 million compared to BRL 250.393 million a year ago. Net income was BRL 65.917 million compared to BRL 14.222 million a year ago.
Sao Carlos Empreendimentos e Participacoes SA is a Brazil-based company principally engaged in the commercial real estate sector. The Company is involved in the management of its own or third party real estate properties, leasing of property and operation of parking lots. The Company's real estate portfolio includes office buildings, distribution centers and street stores, located in the states of Sao Paulo, Rio de Janeiro, Minas Gerais and Rio Grande do Sul. As of December 31, 2011, the Company's subsidiaries included 253 Participacoes Ltda, SC Corretora de Imoveis Ltda, SC Varejo Grande SP Empreendimentos e Participacoes Ltda, Top Center Empreendimentos e Participacoes Ltda and SC Sul Empreendimentos e Participacoes Ltda, among others. In November, 2013, the Company concluded sale of property Brazilian Financial Center to Fundo de Investimento Imobiliario FII Prime Portfolio and it received BRL 250 million.