Compañía Minera Autlán (AUTLÁN) said its operating cash flow (Ebitda) grew 24 percent in the first quarter of 2015, to 224.6 million pesos, (US$15 million) almost double the figure for the final quarter of last year.
The company noted that in the quarter, net sales grew 4 percent to 1.168 billion pesos (US$77.9 billion) driven by a better exchange rate, a rise in sales volume for mining at 35 percent, and rising prices in the ferroalloy division.
However, Autlán reported a net loss of 3.8 million pesos (US$250,000) in the quarter, derived mainly from the recognition of deferred taxes, but that did not represent cash outflow.
The report noted that in the first three months of the year, the steel industry was plunged into a downward trend in prices, which led to production cuts.