Gerdau’s Siderperu posts increased net profit in Q3

Wednesday, 10 November 2021 01:51:30 (GMT+3)   |   Sao Paulo

Siderperu, the Peruvian subsidiary of Brazilian steelmaker Gerdau, said net profit in Q3 this year rose 68.7 percent, year-over-year, to PEN 81 million ($20.1 million). The company attributed the stronger net profit to higher revenues per ton sold.

Siderperu said net revenues in Q3 reached PEN 619 million ($154.1 million), 42.3 percent up, year-over-year, due to a stronger domestic demand for steel products and higher revenues per mt sold. Gross margin in Q3 rose to 22.3 percent, from 17.2 percent in Q3 2020.

USD = PEN 4.02 (Nov. 10)

Most Recent Related Articles

Peruvian rebar sales volumes increase 7.2 percent in September

Peruvian iron ore export prices decline again in September

Peruvian iron ore output decreases 18.4 percent in September

Shougang Hierro Peru sees profit and revenues increase in Q3

Peru’s Aceros Arequipa sees profit increase in Q3