Positive Technology S.A. Reports Individual and Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2020
August 13, 2020 at 07:02 pm EDT
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Positive Technology S.A. reported Individual and Consolidated earnings results for the Second Quarter and six months Ended June 30, 2020. For the quarter, on a individual basis, the company reported net revenue of BRL 392,118,000 compared to BRL 499,919,000 a year ago. Net loss for the period was BRL 8,986,000 compared to net profit for the period of BRL 9,833,000 a year ago.
For the six months, on a individual basis, the company reported net revenue of BRL 725,849,000 compared to BRL 825,397,000 a year ago. Net loss for the period was BRL 5,578,000 compared to net profit for the period of BRL 4,939,000 a year ago.
For the quarter, on a consolidated basis, the company reported net revenue of BRL 440,519,000 compared to BRL 550,280,000 a year ago. Net loss for the period was BRL 8,600,000 compared to net profit for the period of BRL 11,068,000 a year ago. Basic loss per share was BRL 0.0639 compared to earnings per share of BRL 0.1138 a year ago. Diluted loss per share was BRL 0.0638 compared to earnings per share of BRL 0.1138 a year ago.
For the six months, on a consolidated basis, the company reported net revenue of BRL 819,085,000 compared to BRL 897,933,000 a year ago. Net loss for the period was BRL 4,227,000 compared to net profit for the period of BRL 6,473,000 a year ago. Basic loss per share was BRL 0.0423 compared to earnings per share of BRL 0.0572 a year ago. Diluted loss per share was BRL 0.0421 compared to earnings per share of BRL 0.0571 a year ago.
Positivo Tecnologia SA, formerly Positivo Informatica SA is a Brazil-based technology company, specializing in the development and manufacture of hardware-based technology. The Company is mainly engaged in the industrialization, trading and development of projects in the Information Technology (IT) area; industrialization, sale and lease of software and hardware; as well as sale of IT equipment, such as all-in-one computers, notebooks, netbooks and tablets, educational software systems and a range of Internet Things (IoT) products. Positivo Tecnologia is also active in the mobile phone market, offering smartphones and feature phones. The Company operates through three main segments, Retail, Government and Corporate. Positivo Tecnologia SA has several subsidiaries, including Positivo Argentina SRL, Crounal SA and Positivo Distribuicao e Comercio Ltda.
POSITIVO TECNOLOGIA S.A. 
