Valid Soluções S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 07:09 pm EDT
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Valid Soluções S.A. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was BRL 534.36 million compared to BRL 456.84 million a year ago. Net income was BRL 57.52 million compared to net loss of BRL 4.3 million a year ago. Basic earnings per share from continuing operations was BRL 0.71899 compared to BRL 0.54698 a year ago. Basic earnings per share was BRL 0.71899 compared to basic loss per share of BRL 0.05433 a year ago.
For the six months, sales was BRL 1,063.64 million compared to BRL 904.39 million a year ago. Net income was BRL 116.98 million compared to net loss of BRL 22.39 million a year ago. Basic earnings per share from continuing operations was BRL 1.46367 compared to BRL 0.4125 a year ago. Basic earnings per share was BRL 1.46367 compared to basic loss per share of BRL 0.28271 a year ago.
Valid Solucoes SA, formerly Valid Solucoes e Servicos de Seguranca em Meios de Pagamento e Identificacao SA, is a Brazil-based company primarily engaged in the provision of printed services. The Company's activities are divided into four business segments: Means of payment, Identification, Telecommunications and Digital certification. The Means of payment division produces cards, which are used on a daily basis for payments, identification, gift cards, vouchers and tickets, among others. The Identification division offers physical and electronic solutions, such as capture, storage and data management, security printing, as well as recognition and digital printing. The Telecommunications division provides instant lottery tickets, prepaid cards and public transportation tickets, among others. The Digital certification division offers technology and support services for government-certified digital certificates.
VALID SOLUÇÕES S.A. 
