Peru’s Aceros Arequipa posts increased profit in Q1

Wednesday, 05 May 2021 20:45:40 (GMT+3)   |   Sao Paulo

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)

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