The launch of the Fénix project boosted the EBITDA of Altos Hornos de Mexico (AHMSA) in the fourth quarter of 2013, reaching US$116 million--120 percent more than the US$52.1 million recorded in the same quarter of 2012.
In its report submitted to the Mexican Stock Exchange (BMV), the company's revenue in the fourth quarter reached US$747 million, 4 percent more than the US$718 million in the same period of 2012.
However, its net loss in the last three months of 2013 increased to reach US$81 million, twice the amount they had in the similar period a year earlier, which was US$40.3 million.