Argentinian steelmaker Ternium Argentina, formerly known as Ternium Siderar, saw its net profit in the full year of 2018 increase 51.9 percent, year-on-year, to ARS 13.2 billion ($331 million), the company said while releasing its full-year results.
The company said net revenues in the full year of 2018 totaled ARS 73.8 billion ($1.85 billion), up from ARS 62.1 billion ($1.56 billion) in 2017. Cost of products sold in the full year of 2018 reached ARS 56.1 billion ($1.41 billion), 6.8 percent up, year-on-year.
Ternium Argentina reported a gross profit of ARS 17.6 billion ($442 million), 84.7 percent up, year-on-year.
USD = ARS 39.82 (March 4)