Rassini, S.A.B. de C.V. Reports Un-Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016
February 20, 2017 at 04:55 pm EST
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Rassini, S.A.B. de C.V. reported un-audited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the year, the company reported sales of MXN 16.3 billion compared to MXN 12.9 billion, EBITDA of MXN 3.2 billion compared to MXN 2.1 billion, net income before taxes and minority interest of MXN 1.9 billion compared to MXN 1.2 billion and net income of MXN 1.4 billion compared to MXN 0.9 billion for the last year.
For the quarter, the company reported sales of MXN 4.4 billion compared to MXN 3.2 billion, EBITDA of MXN 0.8 billion compared to MXN 0.5 billion, net income before taxes and minority interest of MXN 0.5 billion compared to MXN 0.2 billion and net income of MXN 0.2 billion compared to MXN 0.11 billion for the last year.
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.