Ferbasa, Brazil’s largest ferroalloys producer, has posted increased Q4 and full-year results, as the company benefited from the valuation of the USD over the BRL.
The ferrochrome and ferroalloys posted a BRL 19 million net profit in Q4, 33.8 percent up year-on-year despite the diminished profit margin, which declined to 7.6 percent in Q4 from 8 percent in the same quarter of 2014.
Ferbasa’s net revenues in Q4 rose 41.6 percent, year-on-year, to BRL 250.3 million. Ferroalloys sales volumes in Q4 rose 11.6 percent, year-on-year, to 52,475 mt.
The company’s adjusted EBITDA in Q4 surged 200.7 percent, year-on-year, to BRL 40.6 million. EBITDA margin in Q4 2015 improved to 16.2 percent, from 7.6 percent in the same period of the year prior.
As for its full-year results, it posted a BRL 173.7 million net profit in 2015, 89.4 percent up, year-on-year. Net revenues in the full year of 2015 was BRL 936.2 million, 13 percent up, year-on-year.