Randon has 70% drop in profit for the 4th tri, signals reaction

The roadway equipment and auto parts maker Randon unveiled on Thursday (28) who suffered a 69% drop in profit for the fourth quarter, amid the weakness of the Brazilian market of trucks throughout 2012.
The company had net income of $ 15.6 million in the last three months of 2012 before a positive result of r $ 50,24 million the year before.
The result came amid weakness in sales of trucks through 2012, which plummeted 20% on 2011, while the production suffered from 40% tumble.
Nevertheless, Randon, who produces towed vehicles, said that the volume of sales for the fourth quarter was the best since the end of 2011, "allowing begin intense operation in 2013".
"The production numbers corroborate with a higher volume of requests and supporting the resumption of industrial activity, especially in vehicles and implements, which reaches the nearest regular index, advancing to achieve your ideal point," said Randon in the balance sheet.
The company had net revenues of r $ 1.005 billion in the fourth quarter, down 2.7% over the same period in 2011. In 2012 as a whole, revenues fell 15.7 percent, to $ 3.5 billion, within the foreseen by the company.
The company announced in mid-January that high of an estimated 17% in net revenue in 2013, to r $ 4.1 billion. The numbers were kept on the balance sheet released on Thursday.
The cash generation as measured by earnings before interest, taxes, depreciation and amortization (Ebitda) totaled r $ 73.5 million in the fourth quarter, down 30% on a year earlier and below the $ 79 million for the period from July to September 2012.
Nevertheless, the performance marked improvement against the $ 67 million for the second quarter, when he had to practice price discounts to maintain productive capacity utilization levels.