Fras-le Announces Its Results for the 2011 Second Quarter and First Half - aftermarketNews

Fras-le Announces Its Results for the 2011 Second Quarter and First Half

Total gross revenue before consolidation: R$201.3 million, up 13 percent on 1Q11 and 9.9 percent on 2Q10.

CAXIAS DO SUL, Brazil — Fras-le S.A. has announced its results for the second quarter and first half of 2011.* Comparisons are with the first quarter of 2011 (1Q11), the second quarter of 2010 (2Q10) and the period from January through June 2010 (1H10).
Key 2Q11 Results:
·    Total gross revenue before consolidation: R$201.3 million, up 13 percent on 1Q11 and 9.9 percent on 2Q10;

·    Consolidated net revenue: R$145.8 million, up 9.1 percent on 1Q11 and 7.4 percent on 2Q10;

·    Net revenue from the domestic market: R$79.9 million, 10.6 percent higher than in both 1Q11 and 2Q10;

·    Net revenue from the foreign market: R$65.9 million, up 7.3 percent on 1Q11 and 3.8 percent on 2Q10;

·    Fras-le Brasil Exports (FOB): US$32.4 million, up 12.4 percent on 1Q11 and 7.9 percent on 2Q10;

·    Sales in foreign markets (exports and units abroad): US$41.3 million, up 9.8 percent on 1Q11 and 15.6 percent on 2Q10;

·    EBITDA: R$19.6 million, up 14 percent on 1Q11 and down 17.6 percent from 2Q10;

·    Consolidated gross profit: R$37.9 million, up 13.2 percent on 1Q11 and down 10.8 percent from 2Q10;

·    Consolidated net income: R$14.8 million, up 42.1 percent on 1Q11 and down 6.9 percent from 2Q10.
*Except where stated otherwise, the operating and financial information is presented on a consolidated basis and the amounts are expressed in Brazilian reais, in accordance with the International Financial Reporting Standards (IFRS) Issued by the International Accounting Standards Board (IASB) and the accounting practices adopted in Brazil.

You May Also Like

Adient 2022 Sustainability Report Highlights Improvements

The report details the company’s progress on ESG goals and highlights sustainable product innovations.

Adient, a global provider of automotive seating, has released its 2022 Sustainability Report, which details how the company continues to reduce the impact its business has on the environment.

The new report, available at, highlights Adient's Environmental, Social and Governance (ESG) goals and accomplishments and explains how the company integrates sustainability into its products, global operations and supply chain.

Rotary’s New XA12 Alignment Scissor Lift

Shops can offer alignment services with bay space to spare, and techs can perform alignments on a wider range of vehicles.

GRI Receives US DOT Certification For Safety

GRI tires will now incorporate the DOT code emboss on its side walls.

Mevotech Adds 2,300+ New Original Grade Part Numbers

Highlights from the new Original Grade release include control arms and ball joints.

TCCI Manufacturing Unveils High-Voltage Electric Compressor

The 850V compressor, unveiled at MACS 2023, is available in 34cc/46cc/60cc/120cc.

Other Posts

BBB Industries Releases 28 Remy New Part Numbers 

The new part numbers cover more than 9.3 million vehicles.

Dayco Launches Electrically Controlled Water Pump Line

The new technology addresses a higher-than-normal failure rate with the OE pumps.

Engine Pro Honors S.A. Gear with Performance Award

S.A. Gear was recognized with a Fulfillment and Accuracy Award during Engine Pro’s annual supplier meeting.

Driven Brands Rings Nasdaq Closing Bell

CEO Jonathan Fitzpatrick rang the Nasdaq closing bell on Jan. 13, in honor of the company’s 2-year listing anniversary.