T4F Entretenimento S.A. Announces Earnings Results for the Third Quarter and First Nine Months Ended September 30, 2019
November 05, 2019
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T4F Entretenimento S.A. announced earnings results for the third quarter and first nine months ended September 30, 2019. For the quarter, the company announced net operating revenues of BRL 54,612,000 compared to BRL 108,629,000 for the same period a year ago. Operating loss before financial (expenses) income was BRL 7,458,000 compared to income of BRL 17,763,000 for the same period a year ago. Net loss was BRL 13,235,000 compared to net income of BRL 14,782,000 for the same period a year ago.
For the first nine months, the company announced net operating revenues of BRL 307,631,000 compared to BRL 374,674,000 for the same period a year ago. Operating loss before financial (expenses) income was BRL 49,476,000 compared to income of BRL 32,271,000 for the same period a year ago. Net loss was BRL 65,740,000 compared to net income of BRL 23,376,000 for the same period a year ago.
T4F Entretenimento SA, formerly CIE Brasil SA, is a Brazil-based public company which engages in the Live Entertainment Sector. The Company is active in the administration, promotion, organization, production, agency, programming and implementation of activities related to live entertainment, such as sports, arts, culture, concerts and shows, as well as in the administration and operation of venues, such as theaters, gymnasiums and stadiums. The Company operates different levels of live entertainment value chain, including: venue operation; ticketing; food, beverage and merchandise sales; and corporate sponsorships. Nowadays, the Company operates Teatro Opera Orbis Seguros, in Buenos Aires, and Teatro Renault, in Sao Paulo.