Peruvian steelmaker Aceros Arequipa saw its net profit in Q1 this year surge 402.5 percent, year-over-year, to PEN 196 million ($51.1 million).
The company said net revenues in Q1 this year grew 95.2 percent, year-over-year, to PEN 1.08 billion ($283.1 million). Gross margin in Q1 rise to 30.4 percent, from 17.8 percent in Q1 2020.
Aceros Arequipa reported a gross profit of PEN 329 million ($85.9 million), 232.3 percent up, year-over-year. EBITDA in Q1 was PEN 278 million ($72.6 million), 223.2 percent up, year-over-year.
USD = PEN 3.83 (May 5)