Both flat and long steel production at Gerdau’s Peruvian steelmaker, Siderperu, declined on a year-on-year basis, according to a company’s document filing at the nation’s securities exchange commission, CNV.
The Peruvian steelmaker said it produced 398,433 mt of long steel in 2015, 0.89 percent down, year-on-year. Flat steel output in the same period diminished 0.90 percent, year-on-year, to 46,552 mt.
Gerdau’s Peruvian steelmaker Siderperu posted a PEN 23.7 million ($6.71 million) net profit in Q4, reverting a PEN 221.4 million ($62.71 milion) net loss reported in the same quarter of the previous year, the company said recently, while announcing its quarterly results.
Siderperu went from a PEN 204.8 million ($58.02 million) net loss in the full year of 2014 to a net profit of PEN 14.4 million ($4.08 million) in 2015.
The company’s revenues in Q4 declined 9 percent, year-on-year, to PEN 379.2 million ($107.4 million). As for the full year of 2015, Siderperu’s revenues diminished 7.6 percent, year-on-year, reaching PEN 1.4 billion ($396.6 million).
1 USD = PEN 3.53 (February 25)