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)


Most Recent Related Articles

Ex-CIS billet prices under pressure from weak demand, negative sentiment in scrap

India’s ArcelorMittal Nippon Steel bids to secure iron ore mines in Odisha

China’s HRC output up 10% in 2019, CRC output rises by 3.5 percent

Short sea scrap price down sharply in fresh deals to Turkey

US import HDG still holding steady