Rassini, S.A.B. de C.V. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
October 26, 2015 at 06:26 pm EDT
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Rassini, S.A.B. de C.V. reported unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported that net revenue climbed 11.3% year-over-year to MXN 3,324 million. EBITDA of MXN 598 million was up 59.8% year-over-year. Net operating cash flow rises 18.1% to MXN 1,356 million. Net income before taxes and minority interest of MXN 335 million was 53.0% higher as compared to the third quarter of 2014.
For nine months, Net revenue increased 7.3% year-over-year to MXN 9,724 million, EBITDA grew 38.0% to MXN 1,677 million, net income before taxes and minority interest increased 32% year-over-year to MXN 935 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. 