Tecnisa S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 13, 2020 at 05:38 am IST
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Tecnisa S.A. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was BRL 33.821 million compared to BRL 47.305 million a year ago. Operating loss was BRL 39.415 million compared to BRL 143.848 million a year ago. Net loss was BRL 40.340 million compared to BRL 144.140 million a year ago. For the half year, total revenue was BRL 77.878 million compared to BRL 159.733 million a year ago. Operating loss was BRL 97.518 million compared to BRL 144.150 million a year ago. Net loss was BRL 98.760 million compared to BRL 146.238 million a year ago.
Tecnisa SA is a Brazil-based company involved in the real estate sector. The Company and its subsidiaries are engaged in the development, construction, leasing, management, purchase and sale of residential and commercial real estate properties and lands. In addition, the Company offers consulting services related to real estate market. The Company develops, sells and builds residential and commercial projects with an integrated business model. The Company operates from the land acquisition until financing part of its customers. In addition, the Company offers consulting services related to real estate market. It operates in the Brazilian market. The Company focuses on the region of Sao Paulo (main market), followed by Brasilia and Curitiba.
TECNISA S.A. 
