The net profit at Mexico’s Simec has reached MXN 1.305 billion ($66 million) for Q1 2025, 10 percent less than in Q1 2024.
On a comparative basis, net sales increased by 1 percent to MXN 7.783 billion, production costs declined by 2 percent to MXN 5.786 billion, the gross profit declined by 1 percent to MXN 1.997 billion, and the operational profit was stable at MXN 1.426 billion.
Net sales in the Mexican domestic market increased by 3 percent to MXN 4.314 billion, while sales in other countries declined by 6 percent to MXN 3.469 billion.
In terms of volume, sales declined by 1 percent to 476,000 mt.
Simec produces long products in Mexico, the US, and Brazil.
USD = MXN 19.66 (May 05)
