PortosRio records gross profit of BRL 574.1 million in 2022

PortosRio ended the year with a gross profit of R$574.1 million, representing 72% of its revenues, in the order of R$807.8 million, the second highest amount in the last five years.

The company reported that it ended the last year with approximately R$ 280 million in cash, which represents good financial health, obtained by increased revenues in recent years and effective cash flow management. In addition, over the past four years, approximately R$1.2 billion has been reduced in accumulated liabilities and losses.

According to Camila Carvalho, Superintendent of Finance, “despite a lower gross profit compared to last year, the company’s performance is highly relevant, as in 2021, the record revenue was driven by the growth in cargo throughput and variables like the exchange rate and the price of iron ore in the international market, which amplified the export revenues of this key commodity.”

The Port Authority’s financial statements will still be submitted for final approval at the Ordinary General Meeting, scheduled for April 28, and will be published for wide dissemination.

Sharing is caring!