Argentina's Ternium Siderar sees net profit nearly triple in Q1

Argentinian steelmaker Ternium Siderar saw its net profit nearly triple year-on-year in the first quarter of 2017.

It reported a net profit of 1.86 billion Argentinian pesos ($120.59 million) for the January-March period, which compares with 640.20 million Argentinian pesos ($41.56 million) a year earlier.

The higher net profit reflects better results from Siderar’s shares in Ternium Mexico and Usiminas, as well as...

Published

Felipe Peroni

April 27, 2017

07:57 GMT

São Paulo