Shougang Hierro Peru sees profit surge in Q1

Shougang Hierro Peru sees profit surge in Q1

Posted on by admin

Shougang Hierro Peru said net profit in Q1 this year surged 437.3 percent, year-over-year, to PEN 1.06 billion ($284.3 million).

The company, which is Peru’s key iron ore producer, said net revenues in Q1 this year rose 140.3 percent, year-over-year, to PEN 2.28 billion ($609.7 million). Iron ore sales volumes in Q1 slightly rose 2 percent, year-over-year, to 4.7 million mt.

Shougang Hierro Peru reported an EBITDA of PEN 1.66 billion ($445.6 million), 430.6 percent up, year-over-year.

USD = PEN 3.74 (May 19)

Leave a Reply

Your email address will not be published. Required fields are marked *