São Paulo – Exports by Brazil’s road supplies manufacturing company Randon were up 4.8% in Brazilian real in Q1 this year, it reported this Thursday (12th). Foreign trade revenues reached BRL 122 million, up from BRL 116.4 million in Q1 a year ago. Revenues in US dollars dropped 19.1% from USD 39.7 million to USD 32.1 million.
Total gross revenues reached BRL 1 billion, up 2.6% from Q1 2015. Consolidated net income grew 5.4%. “The results of the fine-tuning made by the company throughout 2015 and in the early months of this year are beginning to show. With a leaner business that is better suited to the new reality, operating results are improving, and expenses and indebtedness are on the way down,” a press release quoted Financial and Investor Relations director Geraldo Santa Catharina as saying.
*Translated by Gabriel Pomerancblum
