RIO DE JANEIRO, BRAZIL - Shares in Brazil's largest handgun manufacturer Taurus (TASA4) rose 10.6 percent on Friday, November 13th, after the company posted its Q3 results. In the period, the company posted a record production, sales volume, net revenue, EBITDA (earnings before interest, taxes, depreciation, and amortization), EBITDA margin and net profit. In the year, its shares have increased by over 60 percent, while the IBOVESPA index is still accumulating losses of ten percent.
In Brazil alone, arms sales totaled 90,000 units in Q3, compared to 33,000 in the same period last year. In the first . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here