Brief: Vasta Announces Fourth Quarter 2022 Results

Vasta Platform

23/03/2023 21:06

March 23 (Reuters) - Vasta Platform Ltd  VSTA.O :
    * VASTA ANNOUNCES FOURTH QUARTER 2022 RESULTS
    * AS GUIDANCE FOR 1Q23, WE EXPECT A NET REVENUE FROM R$ 395
MILLION TO R$ 415 MILLION
    * EXPECT 2023 SALES CYCLE TO BE SLIGHTLY LESS CONCENTRATED
IN
FIRST TWO QUARTERS IN 2023 THAN IN PREVIOUS YEAR
    * IN Q4 OF 2022, NET REVENUE INCREASED 27% YEAR-ON-YEAR, TO
R$505
MILLION
    * IN Q4 OF 2022, ADJUSTED NET PROFIT TOTALED R$72.5 MILLION,
A 35%
INCREASE COMPARED TO R$ 53.7 IN 4Q21
    * Q4 REVENUE VIEW BRL 465.8 MILLION -- REFINITIV IBES DATA

Source text for Eikon:  ID:nBw1b5015a 
Further company coverage:  VSTA.O 

 ((Reuters.Briefs@thomsonreuters.com;))