Tuesday, July 25, 2017

Finds must raise volume of cars sold in the 2nd semester

Sao Paulo-the Finds should rise in the second half, compared with the first half of the year, the volume of used cars sold, to keep the average age of 13 months of the company''s fleet of car rental and fleet management.
According to the Chief Financial Officer of Finds, Roberto Mendes, "in the second half we''re going to have to sell more cars we buy 60000 cars in the second half of last year and we want to keep the average age of cars sold in 13 months," said the Executive during a teleconference with analysts.
In the first half of this year, the company sold 40500 cars. For the second half, Mendes has estimated the volume to be sold in around 60000 rent, since the company bought about 57000 vehicles in 2016.
The car rental company had net income of R $129,300,000 in the second quarter, 31.9% jump compared with the same stage last year.
Ebitda (earnings before interest, taxes, depreciation and amortization) grew by 27.5%
DCI – 24/07/2017
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