Eternit profit R $ 18.1 million in the second quarter, down 33.2%

SAO PAULO-the manufacturer of roofing, sanitary vitreous Chinaware and metal fittings Eternit recorded net income of r $ 18.1 million in the second quarter, representing 33.2% drop compared to the same period last year. A comparison of the two ranges, the net revenues fell 8.6%, to R $ 220,628 million.
In a report, the Eternit reported that, within the internal market, the revenue fell 8.9 percent, to $ 182.4 million. There was no indentation of demand and less working days as a result of the World Cup. Export earnings shrank 7.2 percent, to $ 38.2 million. In part, the fall in revenues from shipments was offset by the appreciation of the dollar.
The cash generation as measured by Ebitda had 25.7 percent drop, to $ 35.3 million. According to the company, the fall resulted from lower sales volume of chrysotile, asbestos cement and concrete tiles.
The company also reported increased "punctual" in operating expenses on the basis of administrative restructuring and controlled commercial Tegula. The Ebitda margin fell from 20% to 16% in quarterly comparison.