Valid Solucoes S.A. Announces Earnings Results for the Second Quarter and Six Months of 2018; Provides Effective Tax Rate Guidance for the Year 2018
August 10, 2018 at 08:00 pm IST
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Valid Solucoes S.A. announced earnings results for the second quarter and six months of 2018. For the quarter, the company reported net income was BRL 13.5 million. CapEx was BRL 32 million.
For the six months, the company reported effective tax rate of 38%.
For the year 2018, the company expects effective tax rate to be 30%.
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.