Brazilian consumer electronics firm Positivo Tecnologia is upbeat about the future following positive results in the second quarter and a plan to diversify revenue streams.
The company, Brazil’s largest manufacturer, reported a revenue increase of 16.5 percent for the second quarter of 2019 to 556.5 million reais ($139 million) and net profit of 9.8 million reais ($2.4 million) – this compares with a net loss of 11.6 million reais ($2.9 million) for the same period last year.
Positivo had been suffering the impact of the dollar hike against the Brazilian real in recent years, despite previous attempts to protect its financial exposure to foreign exchange variations.