Rio Alto Energias Renováveis S.A. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was BRL 16.44 million compared to BRL 0.532 million a year ago. Revenue was BRL 16.44 million compared to BRL 0.532 million a year ago.

Net loss was BRL 2.57 million compared to BRL 7.14 million a year ago. Basic loss per share from continuing operations was BRL 0.0558 compared to BRL 0.1552 a year ago. Diluted loss per share from continuing operations was BRL 0.0558 compared to BRL 0.1552 a year ago.