Duratex S.A. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 2019
October 29, 2019 at 11:29 pm
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Duratex S.A. reported consolidated earnings results for the third quarter and nine months ended September 2019. For the quarter, the company reported net revenues of BRL 1,308,357,000 compared to BRL 1,512,525,000 a year ago. Net income was BRL 27,715,000 or BRL 0.0402 per share compared to BRL 376,348,000 or BRL 0.1005 per share a year ago.
For the nine months, the company reported net revenues of BRL 3,525,549,000 compared to BRL 3,685,984,000 a year ago. Net income was BRL 120,991,000 or BRL 0.1753 per share compared to BRL 120,991,000 or BRL 0.8321 per share a year ago.
Dexco SA, formerly known as Duratex SA, is a Brazil-based company primarily engaged in the manufacture of wood panels. The Company operates in three business segments: Wood, Deca and Ceramic Tiles. The Wood division is responsible for the production of hardboard; medium density particle (MDP) panels; medium, high and super density fiberboard (MDF, HDF and SDF) panels; laminate flooring, named Durafloor, and components for the furniture industry. The Deca division focuses on the production of sanitary ceramic and metal products under Deca and Hydra brand names. The Ceramic Tiles division produces polished porcelain tiles, special coatings and other tiles under Ceusa and Portinari brand names. The Company operates industrial plants and commercial branches in Brazil, Colombia, Peru and the United States, among others.