Mexican steel products, services and distribution company Grupo Collado has reported a MXN 12 million ($781,560) net loss in the first quarter of 2015.
The result is 33.3 percent lower when compared to the MXN 18 million ($1.1 million) net loss registered in the same period of 2014, the company said.
According to a company’s filling at the nation's stock exchange, Bolsa Mexicana de Valores Collado’s, operating profit in the period was MXN 29 million ($1.8 million), 135.9 percent up year-on-year, from MXN 12.3 million ($801,099) in Q1 2014.
The company’s EBITDA rose 51.7 percent year-on-year to MXN 50.2 million ($3.2 million), the company reported.
The company’s net sales in Q1 totaled MXN 1.4 billion ($92.5 million), 14.1 percent up year-on-year from MXN 1.2 billion ($81.1 million) reported a year prior.