Rassini’s Q2 net income up 47% y/y to USD14.6 million
Company benefited from strong growth in vehicle demand in North America but poor performance in Brazil remains a key concern
Mexico-based brake and suspension components supplier Rassini reported a 47% year-over-year (y/y) increase in net income to MXN229 million (USD14.6 million, 30 June 2015) during the second quarter ended 30 June 2015, driven by continued growth in vehicle sales in North America, its largest market, the company said in a press release yesterday (28 July).
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