Valid Soluções S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 10, 2021
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Valid Soluções S.A. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was BRL 541.122 million compared to BRL 414.624 million a year ago. Net loss was BRL 17.603 million compared to BRL 148.058 million a year ago. For the half year, sales was BRL 1,030.828 million compared to BRL 878.364 million a year ago. Net loss was BRL 22.562 million compared to BRL 145.956 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.