Minera Autlan sees profits decline in Q4, full-year of 2018

Thursday, 28 February 2019 00:27:53 (GMT+3)   |   Sao Paulo

Mexican ferroalloys and manganese producer Minera Autlan saw its net profit decline both in Q4 and the full-year of 2018.

The company said net profit in Q4 was $3.5 million, down from $21 million in Q4 2017. As for the full year of 2018, Minera Autlan saw its net profit drop 45.3 percent, year-on-year, to $33.9 million.

Minera Autlan said net revenues in Q4 rose 14.9 percent, year-on-year, to $106.9 million. EBITDA in Q4 was $12.1 million, 52.9 percent down, year-on-year. As for the full year of 2018, Minera Autlan reported net revenues of $413.5 million, 15.1 percent up, year-on-year.

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