Fabricato increases its losses until June and reduces sales by 6.7%

Fabricato is still in the doldrums. The Colombian textile company returned to finalize an exercise with red numbers and sales at a loss. The company attributes declining billing to the adverse exchange rate impact with Brazil and Argentina after the entry into force of the free trade agreement with the two countries. markets last January.

Between January and June, Fabricato's turnover was 166.974 million Colombian pesos ($ 57.9 million) which represented a 6.7% decrease in slippage annual. In the second quarter, the company maintained stable sales, with revenues of 90,837 million pesos ($ 31.5 million).

Fabricato achieved a turnover of 166.974 million pesos ($ 57.9 million) in the first half

In the first half of 2018, the Colombian group increased its losses . Fabricato ended the period between January and June with some red figures of 19.077 billion pesos ($ 6.6 million) compared to the net profit of 5.944 billion pesos in the first six months of the year. Last year

On the other hand, the company's gross operating income (EBITDA) changed negatively, falling 4.5% in the first half to 4,695 million pesos (1.6%). million bucks).

Fabricato recently announced the start of its Ciudad Fabricato real estate project, which will open in 2021. In addition, the company made its first exports to Brazil.