Vivara Participações S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 11, 2022 at 06:22 pm EDT
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Vivara Participações S.A. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was BRL 582.91 million compared to BRL 444.86 million a year ago. Revenue was BRL 469.39 million compared to BRL 362 million a year ago. Net income was BRL 89.89 million compared to BRL 81.66 million a year ago.
For the six months, sales was BRL 1,018.04 million compared to BRL 729.18 million a year ago. Revenue was BRL 806.81 million compared to BRL 579.73 million a year ago. Net income was BRL 135.81 million compared to BRL 85.57 million a year ago.
Vivara Participacoes SA is a Brazil-based holding company that operates in several states in Brazil, through numerous subsidiaries. However, the Company's operations are primarily centralized in the state of Sao Paulo. The Company has developed a portfolio of brands, including Vivara, Life by Vivara, Vivara Watches, Vivara Fragrances, and Vivara Accessories. These brands focus on products such as gold jewelry, silver jewelry, watches, and accessories. The Company has a vertically integrated business model, from creation and design to production, marketing strategy, distribution (omni-channel) and marketing. The Company has one operational segment called retail, consisting of products sales through its physical stores and online platforms.