News

Randon group sees revenues drop

20 de julho de 2016

Net revenue was down 18.1% for the Brazilian conglomerate year-on-year in June. Year-to-date through June, net revenue declined by only 0.1%.

São Paulo – Brazil’s Randon conglomerate, whose eight businesses include vehicles and roads and implements, auto parts, and financial services, saw its consolidated net income drop by 18.1% year-on-year in June, to BRL 209.7 million. Year-to-date through June, net income was BRL 1.43 billion, a 0.1% drop.

Total gross revenue was BRL 300.2 million in June, down 14.4% from a year ago. Year-to-date through June, it reached BRL 2.004 billion, down 0.3%.

*Translated by Gabriel Pomerancblum