THE JSL (JSLG3) reported net income of R$29.8 million in the second quarter, down 68% over the same period last year, the company said in a balance sheet sent to Securities and Exchange Commission (CVM). In the adjusted criterion, the profit was R$ 34.2 million, a decrease of 23.8% on the same basis of comparison.
Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) reached R$ 250.7 million from April to June, double the amount recorded a year earlier. As a result, the Ebitda margin reached 18.3% in the period, an increase of 4.5 percentage points compared to the same period in 2021.
Total net revenue reached R$ 1.43 billion in the second quarter, up 56% over the same period last year. “The agility in developing new solutions with our clients and the transparency in negotiations allowed us to deliver solid and consistent results.
In the annual comparison, we grew in revenue in the main sectors in which we operate, especially consumer goods, steel and mining, automotive, pulp and paper and food and beverages”, said the company in the statement accompanying the balance sheet.
From April to June, JSL closed BRL 1.4 billion in new contracts, with an average operating term of 47 months, highlighting the food and beverage (59%), automotive (21%) and forestry (8% ).
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Source: Moneytimes
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
