You are here: Home > Steel News > Latest Steel News > Chile’s...

Chile’s CAP Acero turns loss to profit in Q3

Wednesday, 24 November 2021 21:39:37 (GMT+3)   |   Sao Paulo
       

Chilean long steel producer, CAP Acero, which is part of holding company CAP SA, went from a net loss of $14 million in Q3 2020 to post a net profit of $4 million in Q3 this year, the company said.

Net revenues in Q3 this year rose 59 percent, year-over-year, to $192 million. Likewise, EBITDA rose to $14 million in Q3 2021, from an EBITDA loss of $2 million in Q3 2020.

Steel sales volumes in Q3 this year rose 4 percent, year-over-year, to 189,000 mt. The company said steel selling prices in Q3 grew 73 percent, year-over-year, to $971/mt, from $562/mt in Q3 2020.


Similar articles

Chile’s Grupo CAP posts a net loss for Q3 2024

12 Nov | Steel News

Chile’s Grupo CAP posts a net loss for Q2 2024

28 Aug | Steel News

Chile’s Grupo CAP posts a net loss for Q1 2024

16 May | Steel News

Chile’s Grupo CAP posts lower net profit for 2023

13 Mar | Steel News

Chilean Grupo CAP posts net loss for H1 2023

10 Aug | Steel News

Chilean Grupo CAP posts a lower net profit in 2022

27 Feb | Steel News

Chilean Grupo CAP posts lower net profit for the first half of 2022

09 Aug | Steel News

Q1 net sales decline at Chilean steel producer Siderurgica Huachipato

16 May | Steel News

Chile’s CAP Acero sees profit grow in full-year 2021

31 Jan | Steel News

CAP Acero posts another net loss in 2020

29 Jan | Steel News