Rassini, S.A.B. de C.V. Reports Unaudited Earnings Results for the Second Quarter and First Half Ended June 30, 2016
July 20, 2016 at 05:12 pm EDT
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Rassini, S.A.B. de C.V. reported unaudited earnings results for the second quarter and first half ended June 30, 2016. For the quarter, the company reported sales of MXN 4,000 million against MXN 3,192 million a year ago. EBITDA was MXN 808 million against MXN 543 million a year ago. Net income was MXN 352 million against MXN 229 million a year ago. Net Income before taxes and minority interest was MXN 516 million against MXN 302 million a year ago.
For the first half, the company reported sales of MXN 7,809 million against MXN 6,400 million a year ago. EBITDA was 1,587 million against MXN 1,079 million a year ago. Net operating cash flow rose 13.7% to MXN 1,114 million. Net income was MXN 854 million against MXN 473 million a year ago. Net Income before taxes and minority interest was MXN 1,015 million against MXN 600 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. 
