Locaweb Serviços De Internet S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 18, 2020 at 05:50 pm EDT
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Locaweb Serviços de Internet S.A. Announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was BRL 117.302 million compared to BRL 94.026 million a year ago. Operating loss was BRL 33.365 million compared to BRL 25.866 million a year ago. Net income was BRL 5.242 million compared to BRL 3.727 million a year ago. Basic earnings per share was BRL 0.04 compared to BRL 0.04 a year ago. For the half year, sales was BRL 221.834 million compared to BRL 178.613 million a year ago. Operating loss was BRL 74.210 million compared to BRL 51.406 million a year ago. Net income was BRL 2.971 million compared to BRL 5.153 million a year ago. Basic earnings per share was BRL 0.02 compared to BRL 0.06 a year ago. Diluted earnings per share was BRL 0.02 compared to BRL 0.05 a year ago.
Lwsa SA, formerly Locaweb Servicos de Internet SA, is a Brazil-based provider of Business-to-Business (B2B) technology solutions. The Companyâs activities are divided into two operating segments: Be Online/SaaS and Commerce. The Be Online/SaaS segment offers services of hosting, hosting reseller, domain registration, cloud computing and dedicated servers, as well as solutions related to email accounts, email marketing campaigns and Internet Protocol (IP) communication, mainly through brands Locaweb, KingHost, and Octadesk. The Commerce segment is engaged in facilitating online retail operations, providing e-commerce platforms and payment solutions, mainly through brands Tray, Bagy, Melhor Envio, Wake Commerce, Squid by Wake, and Bling CPlug.
LOCAWEB SERVIÇOS DE INTERNET S.A. 
