Fras-le S.A. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year 2020
March 04, 2021 at 12:22 pm EST
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Fras-le S.A. reported consolidated earnings results for the fourth quarter and full year 2020. For the quarter, the company reported consolidated net revenue of BRL 595.3 million, increased by 60.5%. Operating profit was BRL 129.5 million, increased by 249.5%. Consolidated net profit was BRL 128.4 million, increased by 2,865.2%.
For the full year, the company reported consolidated net revenue of BRL 1,670.8 million, increased by 22.4%. Operating profit was BRL 240.0 million, increased by 125.0%. Consolidated net profit was BRL 182.0 million, increased by 454.9%.
Fras Le SA is a Brazil-based company principally engaged in the manufacture of friction materials. The Company focuses on the design, production, commercialization, export and import of friction materials for motor vehicle brake systems. The Company's product line includes clutch facings, brake linings, brake shoes and brake pads for trucks, buses, cars, tractors, subways, lifts and aircrafts, among others. The Company's brand portfolio includes Fras-le and Lonaflex. Its activities are divided into two business segments: Automakers, which offers products for the automotive market, and Replacement, which provides friction materials for the spare parts market. The Company operates through a number of subsidiaries in the Americas, Europe, Asia and South Africa. The Company is controlled by Randon SA Implementos e Participacoes.
FRAS-LE S.A. 
