Mexican steel products services and distribution company Grupo Collado registered a net loss of MXN 30.2 million ($2 million) in the fourth quarter of 2014 (Q4), the company said in a note to Mexico’s stock exchange last week.
The company saw its net sales in 2014 to increase 10 percent to MXN 5.3 million ($355,667), compared to the MXN 4.8 million ($323,405) reported a year ago. Collado’s net sales for Q4 rose 23.4 percent to MXN 1.4 million ($97,492), year-on-year.
Collado’s gross margin in Q4 decreased to 16.4 percent from 17.5 percent in the same quarter of 2013.
Q4’s operating expenses rose 17.8 percent, year-on-year, to MXN 234.7 million ($15.6 million).