Minera Autlan goes from profit to loss in Q3

Monday, 02 November 2020 23:26:09 (GMT+3)   |   Sao Paulo
       

Mexican manganese and ferroalloys producer Minera Autlan went from a net profit of $6.4 million in Q3 2019 to post a net loss of $10.7 million in Q3 this year, the company said while releasing its quarterly results.

The company said net revenues in Q3 reached $79.3 million, 30.8 percent down, year-over-year. Minera Autlan said Covid-19 affected domestic sales of ferroalloys. On the other hand, exports of manganese in Q3 this year grew 4 percent, year-over-year, from Q3 2019.

Gross profit fell to $15.8 million in Q3 this year, down from $26.3 million in the same quarter of the year prior. EBITDA in Q3 was $17.9 million, 30.1 percent down, year-over-year.


Most Recent Related Articles

Mexican industrial production declines 7.5 percent in September

Spanish court approves extradition of AHMSA executive

Grupo Simec posts stronger Q3 results

AHMSA reports larger net loss in Q3

Mexican iron pellet production declines in August