T4F Entretenimento S A : discloses its 3Q20 Earnings Release
November 11, 2020 at 08:47 pm EST
Share
3Q20 Earnings Release
São Paulo, November 11th,2020 - T4F Entretenimento S.A. (B3: SHOW3) discloses its 3Q20 results.
3Q20 Highlights
Cash management: gross cash balance of R$211.7 million and cash position net of financial debt of R$ 89.7 million, reduction of R$6.2 million in gross cash balance and R$7.4 million in net cash, compared to 2Q20;
Reduction of 31% on recurring expenses compared to 3Q19;
Sale shares in Vicar, responsible for the promotion of Stock Car;
Acquisition of a majority stake in INTI, a technology company focused on ticket sales for entertainment and culture sectors;
Subsequent Events: Negotiations to reprofile the debentures
To access the Earnings Release, click here.
ENGLISH WEBCAST
Thursday, November 12th, 2020
9:00 a.m. (US ET) | 11:00 a.m. (BR)
Webcast: click herePORTUGUESE WEBCASTThursday, August 12th, 202008:00 a.m. (US ET) | 10:00a.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) 3576-1370.
About T4F Entretenimento S.A. ('Time for Fun'):Time for Fun (B3: SHOW3)is the largest live entertainment company in South America. The Company promotes live national and international shows, performing arts,family entertainment and plays, acting with a vertically-integrated business model. The Company also operates three of the most importants venues in South America, being two in Brazil and one in Argentina.
Attachments
Original document
Permalink
Disclaimer
T4F Entretenimento SA published this content on 11 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 November 2020 01:46:03 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. 