Rassini, S.A.B. De C.V. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016
October 20, 2016 at 05:03 pm EDT
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Rassini, S.A.B. de C.V. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported sales of MXN 4,178 million against MXN 3,324 million a year ago. EBITDA was MXN 782 million against MXN 598 million a year ago. Net income was MXN 376 million against MXN 302 million a year ago. Net Income before taxes and minority interest was MXN 450 million against MXN 335 million a year ago.
For the nine months, the company reported sales of MXN 11,987 million against MXN 9,724 million a year ago. EBITDA was 2,369 million against MXN 2,295 million a year ago. Net operating cash flow rose 13.7% to MXN 1,114 million. Net Income before taxes and minority interest was MXN 1,466 million against MXN 935 million a year ago.
Rassini SAPI de CV is a Mexico-based company. The Company is dedicated to providing engineering solutions through the design and manufacture of components for suspension, brake and anti-vibration systems for the automotive industry; including urban, family, off-road, sports, luxury and commercial vehicles; both electric motor and internal combustion engine.
RASSINI, S.A.B. DE C.V. 
