Peru’s largest flat steel service center chain Comercial del Acero, Comasa, saw its net profit fall 43.2 percent in Q2, year-on-year, to PEN 7.5 million ($2.3 million) the company said while releasing its quarterly results.
Comasa said net revenues in Q2 dropped 1 percent, year-on-year, to PEN 101.4 million ($31.3 million). Cost of sales rose to PEN 81 million ($25 million) in Q2 this year, from PEN 74.974. million ($23.1 million) in Q2 2016.
Comasa saw its gross profit in Q2 decrease nearly 26 percent, year-on-year, to PEN 20.4 million ($6.3 million).