Metalfrio Solutions S.A. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 16, 2022 at 07:35 pm EDT
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Metalfrio Solutions S.A. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported net income was BRL 0.676 million compared to net loss of BRL 0.955 million a year ago. Basic earnings per share from continuing operations was BRL 0.1646 compared to basic loss per share from continuing operations of BRL 0.2325 a year ago. Diluted earnings per share from continuing operations was BRL 0.1646 compared to diluted loss per share from continuing operations of BRL 0.2325 a year ago.
Metalfrio Solutions SA is a Brazil-based company involved in the production of plug-in commercial refrigerators and freezers. The Company's activities are divided into two business segments: Products and Services. The Products division is responsible for the manufacture and sale of domestic and commercial refrigerators and freezers. The Services division focuses on the maintenance and technical assistance for the products, sale of spare parts to authorized dealers and product customers, as well as logistics services. The Company distributes products under a number of brand names, such as Metalfrio, Derby, Caravell and Klimasan. It operates production plants in Europe and the Americas. The Company's subsidiaries include Metalfrio Solutions Sogutma Sanayi ve Ticaret Anonim Sirket, Metalfrio Solutions Inc, Begur Transportes Rodoviarios, Logistica e Servicos Ltda and Metalfrio Solutions Mexico SA de CV.