Siderperú's Q1 net profit surges amid higher steel prices, sales

South American steelmaker Gerdau’s Peruvian subsidiary, Siderperú, has reported a near four-fold increase in its net profit for the first quarter of 2018, amid higher prices and increased shipment volumes.

Its net profit totaled 42.40 million nuevos soles ($13 million), against 11.01 million nuevos soles a year before, it said in a note sent to national securities...

Published

Ana Paula Camargo

May 02, 2018

19:20 GMT

São Paulo