Mexican steelmaker Grupo Simec saw its net profit in Q3 rise 230 percent, year-over-year, to MXN 3.31 billion ($159.7 million), the company said while releasing its quarterly results.
Net revenues in Q3 increased 46 percent, year-over-year, to MXN 14.12 billion ($680.8 million). EBITDA in Q3 grew 110 percent, year-over-year, to MXN 3.97 billion ($191.6 million). Steel sales volumes in Q3 reached 585,000 mt, 13.4 percent down, year-over-year.
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