Mexican manganese and ferroalloys producer Minera Autlan reverted a MXN 57.1 million ($3.21 million) net loss in Q4 2014 and posted a MXN 63.9 million ($3.59 million) net profit in Q4, the company said in a document filing at the nation’s stock exchange, BMV.
The ferroalloys producers reported a MXN 52 million ($2.92 million) net profit in the full-year of 2015, as opposed to a MXN 56.9 million ($3.2 million) net profit seen in the year prior.
Minera Autlan’s net revenues in Q4 declined 12.2 percent, year-on-year, to MXN 877.7 million ($49.4 million). As for the company’s full-year results, revenues diminished nearly 6 percent in 2015, year-on-year, to MXN 4.2 billion ($236.49 million).
Autlan said EBITDA in 2015 was MXN 102.7 million ($5.78 million), nearly 12 percent down, year-on-year, due to lower ferroalloys prices.