Duratex S.A. Reports Earnings Results for the Full Year Ended December 31, 2020
February 08, 2021 at 06:32 pm EST
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Duratex S.A. Announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was BRL 5,879.616 million compared to BRL 5,011.706 million a year ago. Operating income was BRL 671.883 million compared to BRL 639.441 million a year ago. Net income was BRL 453.812 million compared to BRL 405.564 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.