Iochpe-Maxion’s Q4 2014 net income drops 42% y/y to USD14.9 million
Net income affected by a tax credit provision of BRL24.9 million (USD9.3 million) related to deferred income tax
Brazil-based wheel supplier Iochpe-Maxion reported 41.8% y/y decline in net income to BRL40.2 million (USD14.9 million, 31 December 2014) in the fourth quarter (Q4) ended 31 December 2014, the company said in a press release.
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