Mexico's Grupo Collado reports decline in net revenue for Q2

Friday, 16 August 2019 22:55:03 (GMT+3)   |   Sao Paulo

Mexican steel service center Grupo Collado said net revenues in Q2 declined 22.5 percent, year-on-year, to MXN 2.04 billion ($104.2 million), the company said.

Gross profit in Q2 was MXN 393.9 million ($20 million), 24.4 percent down, year-on-year.

Grupo Collado said gross margin in Q2 slightly decreased to 19.2 percent, from 19.7 percent in Q2 2018.

USD = MXN 19.6 (August 16)

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