Mexican steel products, services and distribution company Grupo Collado said net profit in the first half of the year (H1) was MXN 101.9 million ($5.4 million), down from MXN 154.4 million ($8.2 million) in the same period of 2017.
As for Q2, Grupo Collado said net profit dropped to MXN 36 million ($1.93 million) from MXN 51.8 million ($2.7 million) in Q2 2017.
The company said net revenues in H1 was MXN 4.7 billion ($256.1 million), 18.5 percent up, year-on-year. Gross profit in H1 rose 17.1 percent, year-on-year, to MXN 965.4 million ($51.8 million).
USD = MXN 18.63 (July 31)