Fras-le Announces Its Second Quarter and First Half of 2010 Results
CAXIAS DO SUL, Brazil, Aug. 4 /PRNewswire-FirstCall/ -- Fras-le S.A., listed on the Sao Paulo Stock Market (Bovespa) under ticker symbol FRAS3 and FRAS4, a Randon company that is the largest manufacturer of friction materials in Latin America and one of the world leaders in this industry, announces its results for the second quarter of 2010 (2Q10) and first half of 2010 (1H10). Except where stated otherwise, operating and financial information is presented on a consolidated basis, and monetary values are expressed in Brazilian reais, in accordance with Brazilian Corporation Law. Comparisons are made with the second quarter of 2009 (2Q09) and with the period comprising January to June of this year (1H10).
HIGHLIGHTS: All-time highs in volumes, revenue and operating performance calculated by Fras-le in 2Q10 and 1H10.
- Total gross revenue prior to consolidation: R$341.2 million, up 23.3% on 1H09 and 15.6% up on 1H08;
- Consolidated net revenue: R$252.9 million, up 30.0% on 1H09 and 18.3% up on 1H08;
- Net revenue in the domestic market: R$139.1 million, up 26.5% on 1H09 and 5.1% up on 1H08;
- Net revenue in the international market: R$113.8 million, up 34.5% on 1H09 and 39.8% up on 1H08;
- Fras-le Brasil Exports (FOB): US$52.4 million, up 45.6% on 1H09 and 25.4% up on 1H08;
- Revenues from the international market (exports and foreign units): US$63.7 million, up 62.1% on 1H09 and 32.2% up on 1H08;
- EBITDA: R$46.0 million, up 113.0% on 1H09 and 33.7% up on 1H08;
- Consolidated gross income: R$83.6 million, up 54.0% on 1H09 and 34.0% up on 1H08;
- Consolidated net income: R$29.5 million, up 95.45% on 1H09 and 28.3% up on 1H08
2Q10 Results Conference Call |
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Portuguese |
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August 4, 2010, 10:00 a.m. Brasilia |
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+55 (11) 2188-0155 |
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Code: Fras-le |
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The Company's conference call presentation and webcast are available at:
IR Contact |
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+ 55 (54) 3289-1517 |
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Daniel Raul Randon |
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Investor Relations Officer |
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Anderson Pepato |
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Investor Relations Manager |
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Jorge Roberto Gomes |
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Relations with the Capital Markets |
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SOURCE Fras-le S.A.
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