Positivo Tecnologia S.A. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2017
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.