Tupy's profit slumps more than 67% in 2012

The Tupy, automotive components company that intends to carry out a public offering of shares, had net income of r $ 66.4 million in 2012, fall from 67.4% in comparison with the previous year. The recipe, in turn, had high annual 22.2%, to r $ 2.7 billion, boosted by the consolidation of Mexican units, devaluation of the real by favouring the billing with outside sales and tax benefits. The cost of sales and operating expenses of 2012 grew 25.9% from 2011, for $ 2.4 billion.
Ebitda (earnings before interest, taxes, depreciation and amortization) had a negative variation of 0.1% last year, to $ 337,1 million, with margin of 12.6% — up from 15.4 percent a year earlier. Net debt more than tripled last year, to $ 1.159 billion in December. The box fell 53.5% to r $ 660,4 million, after the disbursement of resources for the payment of the acquisition of companies in Mexico, for $ 439 million.
The company--which already have shares listed, but with low liquidity — reported on Monday that urged approval of the Brazilian Securities Commission (CVM) to perform a subsequent primary and secondary public offering of shares.
The composition of the capital stock of the Company is formed mostly by common shares, with 56,820,214 roles of this class and only 318,536 shares, according to data on the website of the stock exchange. The main partners of the company are the BNDESPar, equity arm of Banco Nacional de Desenvolvimento Econômico e Social (BNDES), and Funcef, employee pension fund of Caixa Econômica Federal, with 35.6% each of the total capital of the Company.