Positivo's profits drop 79% in Q3

- Friday, November 11, 2011

Positivo's profits drop 79% in Q3

Brazilian computer maker Positivo Informática registered Q3 profits of 3.2mn reais (US$1.8mn), a 79.3% drop compared to the 15.3mn reais in the year-ago period, according to financial results reported by the company.

Revenues fell 21.3% year-on-year to 489mn reais during the quarter.

Despite the decrease in profits and revenues, the company saw growth in PC sales, especially driven by notebooks and netbooks - up 33.9% in the quarter to 698,550 units sold. Ebitda rose 9.9% year-on-year to 24.8mn reais.

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Positivo attributed its financial performance to the drop of average PC prices. Average desktop prices in reais declined 12.5% over the previous quarter, resulting from low sales volume in the government and corporate markets, "where products generally have more advanced configurations and differentiated after-sales services and warranty terms," according to the release.

Meanwhile, average notebook prices in reais dropped 21.8% in the same period, basically due to the higher sales volumes of low-cost educational laptops for a government project. Excluding netbook sales, conventional notebook prices were down 8.3%, the company noted.

Use this link to see Positivo's full results.