Mexican integrated steelmaker Altos Hornos de Mexico (AHMSA) has posted its second quarterly profit this year.
AHMSA went from a net loss of MXN 5.62 billion ($276.5 million) in Q3 2020 to post a net profit of MXN 968 million ($47.6 million). Net revenues in Q3 this year spiked 142 percent, year-over-year, to MXN 14.07 billion ($692 million).
AHMSA reported an EBITDA of $180 million in Q3 this year, up from the EBITDA loss of $58 million it posted in Q3 2020. EBITDA was the only figure AHMSA posted in USD.
USD = MXN 20.32 (October 28)