Rassini, S.A.B. de C.V. Reports Unaudited Consolidated Earnings Results for the Second Quarter and First Half Ended June 30, 2017
July 24, 2017 at 05:18 pm EDT
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Rassini, S.A.B. de C.V. reported unaudited consolidated earnings results for the second quarter and first half ended June 30, 2017. For the quarter, the company reported sales of MXN 4,489 million against MXN 4,000 million a year ago. EBITDA was MXN 853 million against MXN 808 million a year ago. Net income was MXN 419 million against MXN 352 million a year ago. Net Income before taxes and minority interest was MXN 542 million against MXN 516 million a year ago.
For the first half, the company reported sales of MXN 9,369 million against MXN 7,809 million a year ago. EBITDA was MXN 1,851 million against MXN 1,587 million a year ago. Net income was MXN 876 million against MXN 854 million a year ago. Net Income before taxes and minority interest was MXN 1,140 million against MXN 1,015 million a year ago. Net operating cash flow rose to MXN 1,367 million.
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. 
