Valid Soluções S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 07, 2020 at 12:01 am
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Valid Soluções S.A. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was BRL 414.6 million compared to BRL 463.3 million a year ago. Net loss was BRL 148.1 million compared to net income of BRL 6.3 million a year ago. For the half year, sales was BRL 878.3 million compared to BRL 890.1 million a year ago. Net loss was BRL 146 million compared to net income of BRL 20 million 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. 
