Rassini, S.A.B. de C.V. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
October 22, 2018 at 05:22 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, 2018. For the quarter, the company reported sales of MXN 4,755 million compared to MXN 4,224 million a year ago. EBITDA was MXN 749 million compared to MXN 679 million a year ago. Net income before taxes and minority interest was of MXN 459 million compared to MXN 353 million a year ago. Net income was MXN 316 million compared to MXN 327 million a year ago.
For nine months, the company reported sales of MXN 14,243 million compared to MXN 13,593 million a year ago. EBITDA was MXN 2,536 million compared to MXN 2,530 million a year ago. Net income before taxes and minority interest was of MXN 1,578 million compared to MXN 1,493 million a year ago. Net income was MXN 1,132 million compared to MXN 1,203 million a year ago. Net operation cash flow rose to MXN 1,768 million. Net operating cash flow was MXN 1,592 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. 
