Earnings at Mexico's Grupo Simec up 79% in Q1 2017

Earnings at Mexican long steel producer Grupo Simec increased by 79% year-on-year in the first quarter of 2017, the company said on Thursday April 27.

Earnings before interest, taxes, depreciation and amortisation (Ebitda) came to 1.58 billion Mexican pesos ($83 million) in January-March, against 883 million Mexican pesos ($46 million) a year before. The improvement was due to...

Published

Felipe Peroni

April 28, 2017

18:05 GMT

São Paulo