Mexican ferroalloys and manganese producer Minera Autlan expects net revenues to increase “at least” 30 percent in Q2, year-on-year, the company said this week in a document filing at the country’s stock exchange, Bolsa Mexicana de Valores (BMV).
The company said the improved outlook is a result of the company’s continuous cost reduction plans, operational improvements, high return on organic investments in all its units, as well as the recovery of international mineral and manganese ferroalloys prices seen since Q4 2016.
Minera Autlan added EBITDA in Q1 should grow 2.8 times when compared to the same quarter of the year prior. The company expects EBITDA in H1 2017 to increase at least 25 percent, year-on-year.