Ternium posts increased revenues in Q1 in Mexico and Southern Region

Thursday, 27 April 2017 23:49:34 (GMT+3)   |   Sao Paulo
       

Steelmaker Ternium saw both its Mexican and Southern Region segments increase their revenues in Q1 by 31 and 10 percent, respectively, to nearly $1.3 billion and $511.4 million, the company said this week while releasing its quarterly results.
 
The Southern Region segment manages the company’s businesses in Argentina, Paraguay, Brazil, Chile, Bolivia and Uruguay.
 
The two segments accounted for nearly 90 percent of the company’s total revenues of $2 billion.
 
As for Q1, Ternium posted an overall $310.4 million net profit, a 151.1 percent increase, year-on-year, from Q1 2016.
 
Steel sales volumes rose 2 percent in Q1, year-on-year, to 2.4 million mt, while iron ore sales volumes grew 3.5 percent in the same period to 863,000 mt.

Similar articles

Ternium reports explosive 839 percent increase in Q4 profits

21 Feb | Steel News

Ternium expects higher revenue in Q2

26 Apr | Steel News

Ternium posts higher net profit for the second quarter

03 Aug | Steel News

Ternium sees Q4 revenues increase in Mexico

16 Feb | Steel News

Ternium sees Q3 revenues rise in Mexico

10 Nov | Steel News

Ternium sees revenues in Mexico increase in Q1

28 Apr | Steel News

Ternium expects higher EBITDA in Q1

26 Feb | Steel News

Ternium sees revenues decline for Mexico in Q2

06 Aug | Steel News

Ternium sees revenues in Mexico decline in Q1

28 Apr | Steel News

Ternium sees revenues decline for Mexico in both Q4 and full-year 2019

20 Feb | Steel News