Peru’s Comasa sees profit decline in Q1

Wednesday, 09 May 2018 20:59:27 (GMT+3)   |   Sao Paulo
       

Comercial del Acero (Comasa), Peru's largest flat steel service center, said net profit in Q1 dropped from PEN 11.2 million ($3.4 million) in Q1 2017 to PEN 8 million ($2.4 million) in Q1 this year.

The company said net revenues in the first quarter of the year rose 6.61 percent, year-on-year, to PEN 113 million ($34.3 million) due to increased steel selling prices.

Gross profit in Q1 was PEN 22 million ($6.6 million), down from PEN 26 million ($7.9 million) in the same quarter of the year prior. Gross margin in Q1 fell to 19 percent from 25 percent in Q1 2017.

USD = PEN 3.28 (May 8)


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