Mexican steelmaker ICH posts increased net profit in Q1

Monday, 10 May 2021 20:17:50 (GMT+3)   |   Sao Paulo

Mexican steelmaker Industrias CH (ICH) said net profit in Q1 this year rose 27 percent, year-over-year, to MXN 2.84 billion ($143.1 million).

The company said EBITDA in Q1 this year increased 95 percent, year-over-year, to MXN 3.30 billion ($167.4 million). Net revenues in Q1 this year grew 52 percent, year-over-year, to MXN 14.5 billion ($731.2 million). Steel sales volumes in Q1 this year rose to 742,000 mt, from 702,000 mt in Q1 2020.

USD = MXN 19.89 (May 10)

Most Recent Related Articles

Mexico to commence sunset review over the imports of ferromanganese from South Korea

Mexican economic activity increases 1.3 percent in September

AHMSA makes first payment to government following deal over corruption charges

Mexican industrial output increases 1.7 percent in September

Ternium sees Q3 revenues rise in Mexico