T4F Entretenimento S A : discloses its 2Q20 Earnings Release
August 12, 2020 at 09:38 pm EDT
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2Q20 Earnings Release
São Paulo, August 12th,2020 - T4F Entretenimento S.A. (B3: SHOW3) discloses its 2Q20 results.
2Q20 Highlights
Cash maintenance: Cash position of R$217.9 million and net cash of R$57.2 million, reduction of only R$4.6 million in gross cash balance and R$1.7 million in net cash, compared to 1Q20.
Reduction of 36% on recurring expenses in comparison with 2Q19;
50 events rescheduled with 327 thousand tickets sold;
Increase of liquidity of our shares, which, in comparison between 2Q20 and 2Q19, increased 10 times reaching 2.5% of the free float; and
Beginning of Stock Car and Stock Light categories at the end of July.
To access the Earnings Release, click here.
ENGLISH WEBCAST
Thursday, August 13th, 2020
10:00 a.m. (US ET) | 11:00 a.m. (BR)
Webcast: click herePORTUGUESE WEBCASTThursday, August 13th, 202009:00 a.m. (US ET) | 10:00 a.m. (BR) Webcast:click here
Participants are requested to connect 10 minutes prior to the time set for the webcast.
The Investor Relations Department is available for eventual clarifications through the contacts ri@t4f.com.br or +55 (11) 3576-1200.
About T4F Entretenimento S.A. ('Time for Fun'):Time for Fun (B3: SHOW3)is the leading live entertainment company in South America. It promotes live music shows by top local and international performers, performing arts and family entertainment shows, theatrical plays, cultural exhibitions and sporting events, operating with a verticalized and integrated business model. It also runs five of the most important entertainment venues in South America, four of which in Brazil and one in Argentina.
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T4F Entretenimento SA published this content on 12 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2020 01:37:09 UTC
T4F Entretenimento SA, formerly CIE Brasil SA, is a Brazil-based public company which engages in the Live Entertainment Sector. The Company is active in the administration, promotion, organization, production, agency, programming and implementation of activities related to live entertainment, such as sports, arts, culture, concerts and shows, as well as in the administration and operation of venues, such as theaters, gymnasiums and stadiums. The Company operates different levels of live entertainment value chain, including: venue operation; ticketing; food, beverage and merchandise sales; and corporate sponsorships. Nowadays, the Company operates Teatro Opera Orbis Seguros, in Buenos Aires, and Teatro Renault, in Sao Paulo.
T4F ENTRETENIMENTO S.A. 
