Duratex S.A. Reports Consolidated Earnings Results for the Second Quarter and First Half of 2020
July 29, 2020 at 07:34 pm EDT
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Duratex S.A. reported consolidated earnings results for the second quarter and first half of 2020. For the quarter, the company reported net revenue of BRL 1,046,439,000 compared to BRL 1,144,658,000 a year ago. Net loss was BRL 23,582,000 compare to net income of BRL 69,378,000 a year ago. Recurring Net Income was BRL 2,213,000 compared to BRL 69,480,000 a year ago. Loss per share was BRL 0.0342 compared to earnings per share of BRL 0.1005 a year ago.
For the first half of 2020, the company reported net revenue of BRL 2,208,027,000 compared to BRL 2,217,192,000 a year ago. Net income was BRL 28,409,000 compare to net income of BRL 93,276,000 a year ago. Recurring Net Income was BRL 71,050,000 compared to BRL 88,742,000 a year ago. Earnings per share was BRL 0.0411 compared to earnings per share of BRL 0.1351 a year ago.
Dexco SA, formerly known as Duratex SA, is a Brazil-based company primarily engaged in the manufacture of wood panels. The Company operates in three business segments: Wood, Deca and Ceramic Tiles. The Wood division is responsible for the production of hardboard; medium density particle (MDP) panels; medium, high and super density fiberboard (MDF, HDF and SDF) panels; laminate flooring, named Durafloor, and components for the furniture industry. The Deca division focuses on the production of sanitary ceramic and metal products under Deca and Hydra brand names. The Ceramic Tiles division produces polished porcelain tiles, special coatings and other tiles under Ceusa and Portinari brand names. The Company operates industrial plants and commercial branches in Brazil, Colombia, Peru and the United States, among others.
DEXCO S.A. 
