Duratex S.A. Reports Earnings Results for the First Quarter Ended March 31, 2020
May 06, 2020 at 07:18 pm EDT
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Duratex S.A. Announced earnings results for the first quarter ended March 31, 2020. For the first quarter, the company announced sales was BRL 1,161.588 million compared to BRL 1,072.534 million a year ago. Net income was BRL 51.991 million compared to BRL 23.898 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.