Ternium Argentina returns to profit in Q1

Monday, 03 May 2021 00:28:52 (GMT+3)   |   Sao Paulo
       

Ternium Argentina, the local subsidiary of Latin America-focused steelmaker Ternium, went from a net loss of ARS 641 million ($6.8 million) in Q1 2020 to post a net profit of ARS 22.1 billion ($236.2 million) in Q1 2021, the company said while releasing its quarterly results.

Ternium Argentina said net revenues in Q1 surged 178.8 percent, year-over-year, to ARS 60.29 billion ($643.6 million).  Steel sales volumes in Q1 this year increased 54 percent, year-over-year, to 623,100 mt.

USD = ARS 93.68 (May 3)


Most Recent Related Articles

Peru’s Aceros Arequipa posts increased profit in Q1

Argentinian crude steel production increases 47.9 percent in March

CSN swings back to profit in Q1

Usiminas unveils steel sales volume expectations for Q2

Usiminas returns to profit in Q1