Ferroalloys producer Ferbasa posts $1.93 million net profit in Q3

Thursday, 10 November 2016 01:44:55 (GMT+3)   |   Sao Paulo
       

Brazilian ferroalloys producer Ferbasa posted a BRL 6.5 million ($1.93 million) net profit in Q3 on revenues reaching BRL 241.3 million, the company said, while releasing its quarterly and nine-month results.
 
For the January to September period, the company posted a BRL 154.7 million net profit, which is down 101.4 percent from net earnings in the same period last year. Net revenues for the accumulated period of January to September totaled BRL 813.3 million, 18.6 percent up, year-on-year.
 
Ferbasa produced 159,673 mt of ferroalloys in Jan-Sep, 22.1 percent down, year-on-year.

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