Mexican manganese and ferroalloys producer Minera Autlan went from a net profit of $3.4 million in Q4 2018 to a net loss of $20 million in Q4 2019. The company said net revenues in Q4 reached $91 million, down from $106.9 million in Q4 2018.
Minera Autlan said gross profit in Q4 was $9.8 million, 31.4 percent down, year-on-year. The company reported an EBTIDA of $9.2 million in Q4, 23.2 percent down, year-on-year.
As for the full-year of 2019, Minera Autlan posted a net loss of $12.1 million, down from a net profit of $33.9 million in full-year 2018.