Fras-le’s 2Q Gross Revenue Up 10.8%

Fras-le S.A. reported that its second-quarter total gross revenue before consolidation was $114 million, 10.8% higher than in the first quarter and 15.3% up on the second quarter of 2011.

Other highlights:

Consolidated net revenue: $83 million, 12.4% up on 1Q12 and 16.8% higher than in 2Q11.

Net revenue from the domestic market: $44.9 million, a 5.2% increase over 1Q12 and 14.1% up on 2Q11.

Net revenue from the export market: $38.9 million, 22.1% up on 1Q12 and a 20.1% upturn over 2Q11.

Fras-le Brazil Exports (FOB): $28.1 million, an 8.1% increase over 1Q12 and a 13.3% decline over 2Q11.

Sales in foreign markets (exports and units abroad): $41.7 million, 14.0% up on 1Q12 and a 0.9% increase over 2Q11.

EBITDA: $12.8 million, 68.0% more than in 1Q12 and 37.1% up on 2Q11.

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