Mexico’s ICH goes from loss to profit in Q4

Thursday, 07 March 2019 23:04:46 (GMT+3)   |   Sao Paulo

Mexican steelmaker Industrias CH (ICH) went from a net loss of MXN 438 million ($22.3 million) in Q4 2017 to post a net profit of MXN 842 million ($42.9 million) in Q4 2018, the company said while releasing its quarterly results.

EBITDA in Q4 dropped 23 percent, year-on-year, to MXN 1.10 billion ($56.1 million). Net revenues in Q4 reached MXN 10.3 billion ($525.5 million), 25 percent up, year-on-year. Steel sales volumes in Q4 totaled 574,000 mt, stable from 573,000 mt in Q4 2017.

As for the full year of 2018, ICH posted a net profit of MXN 4.54 billion ($231.6 million), 135 percent up, year-on-year.

USD = MXN 19.60 (March 7)

Most Recent Related Articles

Mexican company wins contract to supply 49,000 mt of steel to local airport

Mexican industrial output declines in May

Mexico’s AHMSA sees net loss increase in Q1

Ternium Mexico using Ametek’s steel inspection process

AHMSA, Villacero sign agreement to create new company