financial management analysis
The following analysis should be read in conjunction with our audited consolidated financial statements and the corresponding explanatory notes; the analysis contains forward-looking information that involves risks and uncertainties. In this section, we discuss our operating results for the year ended December 31, 2020 compared to the year ended December 31, 2019.
results of operations
The table below presents our summarized consolidated statement of income for the years ended December 31, 2020 and 2019. The interest rates cited are expressed in Brazilian reais and include the effect of the variation of the real against foreign currencies.