Since April this year at Brazilian cabinet furniture manufacturer Unicasa Indústria de Móveis,a company listed on the stock exchange,the decline in turnover which already began in the second quarter of 2012 has further increased in the third quarter.According to the report for the last quarter,Unicasa expects this development to continue,at least in the immediate future.A revival is expected again in 2013,however.In the period between July and September the net turnover of the company dropped by 11.7%to BRL71.6m.From July to September the EBITDA declined by 29.2%to BRL15.9m,the operating result dropped by 33.2%to BRL13.9m and the net profit by 30.4%to BRL12.2m.
Source:
http://www.euwid-wood-products.com/news/furniture/single/Artikel/brazil-deterioration-in-development-at-unicasa.html
