Mexican integrated steelmaker Altos Hornos de Mexico (AHMSA) went from a net loss of MXN 2.18 billion ($106.49 million) in full-year 2020 to post a net profit of MXN 358 million ($17.4 million) in full-year 2021.
AHMSA said EBITDA in full-year 2021 was $123 million, up from an EBITDA loss of $44 million in full-year 2020. EBITDA is AHMSA’s only USD-denominated indicator.
Net revenues in full-year 2021 totaled MXN 12.68 billion ($617.6 million), 145.8 percent up, year-over-year.
USD = MXN 20.55 (March 1)