Mexican steelmaker Grupo Simec said net profit in Q1 this year rose 38 percent, year-over-year, to MXN 2.64 billion ($131 million). EBITDA in Q1 surged 104 percent, year-over-year, to MXN 3.11 billion ($154.2 million).
Grupo Simec said net revenues in Q1 this year reached MXN 13.3 billion ($661.9 million), 57 percent up, year-over-year. Steel sales volumes in Q1 this year rose 9.6 percent, year-over-year, to 682,000 mt.
The company reported a gross profit of MXN 3.30 billion ($163.5 million), 114 percent up, year-over-year.