Tupy S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 05, 2021 at 06:15 pm EDT
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Tupy S.A. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was BRL 1,645.453 million compared to BRL 644.872 million a year ago. Net income was BRL 31.490 million compared to net loss of BRL 82.821 million a year ago. For the half year, sales was BRL 3,189.708 million compared to BRL 1,737.436 million a year ago. Net income was BRL 16.584 million compared to net loss of BRL 290.338 million a year ago.
Tupy SA is a Brazil-based company principally engaged in the production and commercialization of parts for the automotive industry. The Companyâs activities are divided into two business segments: Automotive and Hydraulics. The Automotive division focuses on manufacturing engines and its components, brake systems, bearings, as well as transmission, steering, axle and suspension components, among others. The Hydraulics division is responsible for producing flexible iron connections for the construction industry, iron and steel grits for the marble and granite processing industry, as well as cast-iron shapes for general use. The Company owns industrial plants and sales offices in a number of countries, such as Brazil, Mexico, the United States and Germany. The Company operates through Tupy Agroenergetica Ltda, Sociedade Tecnica de Fundicoes Gerais SA, Tupy American Foundry Co, Tupy American Iron & Alloys Co and Tupy Europe GmbH, among others.
TUPY S.A. 
