Mexican manganese and ferroalloys producer Minera Autlan saw its net profit more than double in Q2 this year, the company said this week. Net profit in Q2 rose to $25.1 million, from $10.9 million in the same quarter of the year prior.
“(The $25 million profit) was the best (we had) in the past 10 years,” the company said while releasing its quarterly results.
Minera Autlan said net profit in H1 was $28.5 million, up from $25.2 million in H1 2017.
Net revenues in Q2 grew 12.5 percent, year-on-year, to $101.1 million. The Mexican ferroalloys producer said EBITDA in Q2 dropped nearly 6 percent, year-on-year, to $25.9 million.