Smiles Fidelidade S.A. announced consolidated and parent earnings results for the first quarter ended March 31, 2020. For the quarter, on parent basis, the company announced net revenue of BRL 169.148 million compared to BRL 239.863 million a year ago. Operating profit before financial income and taxes was BRL 80.100 million compared to BRL 165.622 million a year ago. Net income was BRL 56.252 million compared to BRL 141.914 million a year ago. Basic earnings per share was BRL 0.45 against BRL 1.14 a year ago. For the quarter, on consolidated basis, the company announced net revenue of BRL 171.331 million compared to BRL 240.567 million a year ago. Operating profit before financial income and taxes was BRL 78.514 million compared to BRL 165.689 million a year ago. Net income was BRL 56.252 million compared to BRL 141.914 million a year ago. Basic earnings per share was BRL 0.45 against BRL 1.14 a year ago.