Shougang Hierro Peru said net profit in Q1 this year surged 437.3 percent, year-over-year, to PEN 1.06 billion ($284.3 million).
The company, which is Peru’s key iron ore producer, said net revenues in Q1 this year rose 140.3 percent, year-over-year, to PEN 2.28 billion ($609.7 million). Iron ore sales volumes in Q1 slightly rose 2 percent, year-over-year, to 4.7 million mt.
Shougang Hierro Peru reported an EBITDA of PEN 1.66 billion ($445.6 million), 430.6 percent up, year-over-year.
USD = PEN 3.74 (May 19)