With a net revenue of R$916.7 million (US$296 million) for the second quarter of 2017, Duratex, based in Brazil, credits B$160.2 million (US$51.74 million) to exports of their manufactured wood panels to the Middle East and North Africa.
“This is an attractive consumer market, to which the company exports, basically, wood panels – medium density particleboards (MDP), medium density fibreboard (MDF), and hardboard,” the company stated in an interview with the Brazil-Arab News Agency (ANBA). “Duratex considers the region an important one to the export of its products.”
External sales have increased for Duratex, with their EBITDA (Earnings before Interest, Taxes, Depreciation and Amortisation) standing at 19.4 per cent for the second quarter of 2017, as compared to the 15.6 per cent seen in the first quarter of the year, and also posted a profit of B$7.5 million (US$2.42 million) for the second quarter.
Source: Brazil-Arab News Agency
