The Peruvian steel producer Corporacion Aceros Arequipa posted a net profit of PEN 47 million ($10.3 million) for Q4 2024, up from PEN 23 million for Q4 2023.
Net sales increased by 12.6 percent to PEN 1.264 billion, the EBITDA increased by 37.4 percent to PEN 166 million, and the operational profit increased by 39.3 percent to PEN 202 million.
According to the company, the improved results reflect a combination of better operational performance, lower losses in subsidiaries, and lower financial expenses.
On the negative side, higher expenses related to exchange rate variations.
When considering the full year 2024, the net profit of Aceros Arequipa increased from 2023 by 197.6 percent to PEN 200 million.
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