Source: Tela Portal – 11/14/2024
Tela Summary
- Orizon reported a profit of R$ 37.1 million in the third quarter of 2024.
- Profit growth was nearly 21 times compared to the previous year.
- The company’s revenues increased by 29.3%, totaling R$ 249.1 million.
- The cost of services rendered rose by 2.8%, reaching R$ 124.1 million.
- General and administrative expenses grew by 46.1%, amounting to R$ 45.3 million.
Orizon, a company specializing in waste management, reported a profit of R$ 37.1 million in the third quarter of 2024, a significant increase of nearly 21 times compared to the profit of R$ 1.8 million in the same period last year. Revenues also showed impressive growth of 29.3%, reaching a total of R$ 249.1 million.
The company’s cost of services rendered rose by 2.8%, reaching R$ 124.1 million. This cost increase was moderate compared to the rise in revenues, indicating efficient management. However, general, administrative, and sales expenses grew by 46.1%, amounting to R$ 45.3 million.
This financial performance reflects Orizon’s expansion of operations and its ability to increase revenue in a growing sector. The company continues to stand out in the waste management market, leveraging growth opportunities and improving profitability.
