Randon S.A. Implementos E Participações Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 09, 2021
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Randon S.A. Implementos e Participações announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was BRL 2,113.800 million compared to BRL 932.991 million a year ago. Net income was BRL 122.146 million compared to BRL 55.270 million a year ago. For the half year, total revenue was BRL 4,026.907 million compared to BRL 2,100.725 million a year ago. Net income was BRL 256.211 million compared to BRL 58.264 million a year ago.
Randon SA Implementos e Participacoes, formerly Randon Participacoes SA, is a Brazil-based company primarily engaged in the manufacture of heavy vehicles and parts. The Company's activities are divided into three business segments: Railway wagons and vehicles, which focuses on the production and distribution of various wagon types, such as hopper, gondola, platform, tank, sider and telescopic, as well as off-road trucks, truck bodies, trailers and semi-trailers; Automotive parts, which is responsible for the manufacture and marketing of automobile components for suspension, brake and transmission system, among others, and Services, which provides services related to the administration of consortium groups for the purchase of durable goods, as well as financing services for the Company's customers. It operates a distribution network in Latin America and Africa. The Company is a subsidiary of Dramd Partiicipacoes e Administracao Ltda.