Vitro, S.A.B. de C.V. Announces Earnings Results for the Year 2012
March 07, 2013
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Vitro, S.A.B. de C.V. announced earnings results for the year 2012. For the period, the company reported net profits of USD 208 million (EUR 160.16 million) compares to USD 11 million reported a year earlier. Consolidated sales rise by 8.8% and by 4.4% during its 2012 fiscal year, bolstered by a stable performance in the domestic market for flat glass and solid volume sales in its glass packaging division.
The company also benefited from the appreciation of the local currency against the US dollar. Net consolidated debt fell by 23.1%, to stand at USD 944 million, as part of its restructuring process.
Vitro, S.A.B. de C.V. is a glass producer in Mexico. The Company, through its subsidiary companies, produces, processes, distributes and markets a range of glass products. It operates through two segments: Glass containers, which includes glass containers, precision components, as well as machinery and molds for the glass industry, and Flat glass, which includes flat glass for the construction and automotive industries, and carbonate and sodium bicarbonate. The Company's products include glass containers, float glass, automotive OEM glass, automotive replacement glass, machinery & equipment, and chemicals. It is also a supplier of raw materials, mold manufacturing, equipment and machinery, and equipment for industrial and chemicals. Through its Containers and Float Glass business units, it serves the cosmetics, perfume pharmaceutical, construction and automotive industries, as well as the chemical, machinery and equipment, and molds industries.
VITRO, S.A.B. DE C.V. 
