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Wireless

Positivo Tecnologia reports 455% jump in Q3 profit

Thursday 12 November 2020 | 12:59 CET | News
Brazilian smartphone and PC manufacturer Positivo Tecnologia closed the third quarter of 2020 with a net profit of BRL 50.3 million, equal to an increase of 455.3 percent year-on-year and a margin of 9.6 percent (+7.7%). The company registered 13.2 percent growth (BRL 600.7 million) in gross revenue in the period, mainly due to growth in the retail PC market. Positivo also highlighted the performance of the corporate segment, where its IT equipment leasing solution (Positivo As a Service) recorded growth again, especially in September.

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Categories: IT / Mobile & Wireless
Companies: Positivo Tecnologia
Countries: Brazil
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