Gerdau’s Peruvian subsidiary sees net profit decline 36.6 percent in Q1

Monday, 06 May 2019 00:36:46 (GMT+3)   |   Sao Paulo

Siderperu, the Peruvian subsidiary of integrated steelmaker Gerdau, saw its net profit in Q1 drop 36.6 percent, year-on-year, to PEN 26.8 million ($8.11 million), the company said this week.

Siderperu said net revenues in Q1 rose 3.5 percent, year-on-year, to PEN 381 million ($115.1 million). Gross profit in Q1 was PEN 41.1 million ($12.4 million), 38.3 percent down, year-on-year.

USD = PEN 3.30 (May 6)

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