Vivara Participações S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 07, 2023 at 07:06 pm EDT
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Vivara Participações S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was BRL 559.91 million compared to BRL 469.39 million a year ago. Net income was BRL 109.98 million compared to BRL 89.05 million a year ago. Basic earnings per share from continuing operations was BRL 0.46716 compared to BRL 0.37724 a year ago. Diluted earnings per share from continuing operations was BRL 0.46703 compared to BRL 0.37714 a year ago.
For the six months, revenue was BRL 951.54 million compared to BRL 806.81 million a year ago. Net income was BRL 148.56 million compared to BRL 134.97 million a year ago. Basic earnings per share from continuing operations was BRL 0.63098 compared to BRL 0.57177 a year ago. Diluted earnings per share from continuing operations was BRL 0.63082 compared to BRL 0.57162 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.