Positivo Tecnologia S.A. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2017
May 12, 2017 at 08:30 pm IST
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Positivo Tecnologia S.A. reported consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, gross revenue was BRL 513,509,000 against BRL 415,872,000 a year ago. Net sales revenue was BRL 453,508,000 against BRL 375,600,000 a year ago. Operating loss was BRL 8,348,000 against BRL 10,409,000 a year ago. Net income before taxes was BRL 8,348,000 against BRL 10,409,000 a year ago. Net loss was BRL 8,348,000 against BRL 10,409,000 a year ago. Net cash used in operating activities was BRL 8,911,000 against cash provided by operating activities of BRL 14,057,000 a year ago. Purchases of property, plant and equipment was BRL 1,053,000 against BRL 2,056,000 a year ago. Net debt at the end of the period was BRL 239.3 million against BRL 244.7 million a year ago. EBITDA was BRL 33.4 million against BRL 11.9 million a year ago. Adjusted EBITDA was BRL 34.4 million against BRL 29.5 million 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.