Aceros Arequipa posts registered $51.1 mn profit in Q1

Steelmaker Aceros Arequipa saw its net profit in Q1 surge 402.4, year-on-year, to S/196 million ($51.1 mn). The company said net revenues grew 95.2% to S/1.08 billion ($283.1 million). Gross margin riste to 30.4%, from 17.8% in Q1 2020.

Source: SteelOrbis