Siderar’s Q2 net profit slides 28 percent year-on-year

Tuesday, 02 August 2011 02:13:48 (GMT+3)   |  
       

Buenos Aires, Argentina-based steel producer Siderar announced Monday that its Q2 2011 net profit fell to 576.5 million pesos (US$139 million), a drop of approximately 28 percent from its Q2 2010 net profit of 795.4 million pesos (US$192 million).

Siderar is majority owned by Ternium SA, which is controlled by Argentina's Techint conglomerate and has steel operations in Mexico and Argentina.


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