Ternium Argentina sees net profit rise 51.9 percent in 2018

Monday, 04 March 2019 01:07:17 (GMT+3)   |   Sao Paulo

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)

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