Metalfrio Solutions S.A. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 12, 2021 at 11:27 pm EDT
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Metalfrio Solutions S.A. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was BRL 604.3 million compared to BRL 333.1 million a year ago. Net income was BRL 20.7 million compared to net loss of BRL 12.6 million a year ago. For the half year, sales was BRL 1,072.4 million compared to BRL 717.7 million a year ago. Net income was BRL 24.6 million compared to net loss of BRL 120 million a year ago.
Metalfrio Solutions SA is a Brazil-based company involved in the production of plug-in commercial refrigerators and freezers. The Company's activities are divided into two business segments: Products and Services. The Products division is responsible for the manufacture and sale of domestic and commercial refrigerators and freezers. The Services division focuses on the maintenance and technical assistance for the products, sale of spare parts to authorized dealers and product customers, as well as logistics services. The Company distributes products under a number of brand names, such as Metalfrio, Derby, Caravell and Klimasan. It operates production plants in Europe and the Americas. The Company's subsidiaries include Metalfrio Solutions Sogutma Sanayi ve Ticaret Anonim Sirket, Metalfrio Solutions Inc, Begur Transportes Rodoviarios, Logistica e Servicos Ltda and Metalfrio Solutions Mexico SA de CV.
METALFRIO SOLUTIONS S.A. 
