Peruvian iron ore producer reverts loss, posts profit in Q4

Tuesday, 14 February 2017 00:00:28 (GMT+3)   |   Sao Paulo
       

Peru’s only iron ore producer, Shougang Hierro Peru, reverted a PEN 73.8 million ($22.6 million) net loss in Q4 2015 to post a PEN 80 million ($24.5 million) net profit in Q4 2016, it said this week on a securities exchange filing.
 
According the iron ore producer, net revenues in Q4 rose 67 percent, year-on-year, to PEN 375.9 million, while cost of sales improved 3.5 percent in the same period to PEN 216.08 million.
 
As for the fiscal year of 2016, Shougang Hierro Peru saw its net profit jump 87.5 percent, year-on-year, to PEN 208.03 million. Net revenues in the same period rose 14.7 percent, year-on-year, to PEN 1.23 billion.

Similar articles

Goa government to ease policy for liquidating iron ore dumps lying on private land

28 Mar | Steel News

Major steel and raw material futures prices in China - March 28, 2024

28 Mar | Longs and Billet

CISA: Coking coal purchase cost in China down 9.86% in Jan-Feb

28 Mar | Steel News

Brazilian high-grade iron ore price declines sharply in two days

27 Mar | Scrap & Raw Materials

Daily iron ore prices CFR China - March 27, 2024

27 Mar | Scrap & Raw Materials

India’s JSPL takes operational charge of iron ore complex in Venezuela

27 Mar | Steel News

Major steel and raw material futures prices in China - March 27, 2024

27 Mar | Longs and Billet

Vale selected to begin award negotiations for US briquette plant

26 Mar | Steel News

Daily iron ore prices CFR China - March 26, 2024

26 Mar | Scrap & Raw Materials

India’s SEML subsidiary secures mining rights to iron ore block

26 Mar | Steel News