Movida Participações S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 29, 2021 at 12:37 am
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Movida Participações S.A. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was BRL 1,211.499 million compared to BRL 1,047.824 million a year ago. Net income was BRL 173.921 million compared to BRL 2.613 million a year ago. For the half year, sales was BRL 2,016.388 million compared to BRL 2,058.990 million a year ago. Net income was BRL 283.402 million compared to net loss of BRL 111.760 million a year ago.
Movida Participacoes SA is a Brazil-based company primarily engaged in the passenger car rental. The Company, through its subsidiaries Movida Locacao de Veiculos Ltda and Movida Gestao de Frotas SA, provides cars within short and long-time agreements, as well as fleet outsourcing to business customers. The Company's cars are equipped with Global Positioning System (GPS), music player and wireless Internet, as well as with other on demand facilities, such as baby car seat. Its car brand names include Volkswagen, Fiat, Ford, Hyundai, Renault, Jeep, Chevrolet and Mercedes, among others. In addition, the Company sells used cars. The Company operates offices in numerous cities and near airports, in Brazil.
MOVIDA PARTICIPAÇÕES S.A. 
