Duratex S.A. Reports Earnings Results for the First Quarter Ended March 31, 2019
May 07, 2019 at 05:35 pm EDT
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Duratex S.A. Announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced total revenue was BRL 1,072.534 million compared to BRL 1,005.982 million a year ago. Operating income was BRL 62.960 million compared to BRL 84.313 million a year ago. Net income was BRL 23.898 million compared to BRL 30.823 million 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.