Brazilian ferroalloys producer Ferbasa saw its net profit in Q2 rise nearly 20 percent, year-on-year, to BRL 76.4 million ($19.5 million), the company said this week while releasing its quarterly results.
Ferbasa said net revenues in Q2 totaled BRL 348.5 million ($89.3 million), 28.8 percent up, year-on-year. Ferroalloys sales volumes in Q2 reached 51,356 mt, 2 percent down, year-on-year.
Ferroalloys production in Q2 grew 15 percent, year-on-year, to 65,912 mt. The company also said it operated at 76 percent, on average, its installed capacity in Q2.
Ferbasa’s adjusted EBITDA in Q2 was BRL 127.3 million ($32.6 million), 59.7 percent up, year-on-year.
USD = BRL 3.90 (August 15)