MEXICO CITY Mexican
steelmaker Altos Hornos de México SAB de CV (Ahmsa) saw
revenues fall by 4.8 percent year over year in the first
quarter of 2013.
The companys net profit
fell to 266 million pesos ($21.8 million) in the three months
ended March 31, down from 385 million pesos in the
corresponding period of 2012, the company said in a report
filed with Mexicos stock exchange late last week. Sales
fell to 9.3 billion pesos ($761.3 million) compared with 9.77
billion pesos in the same comparison.
Ahmsa shipped 860,266 tonnes of
steel products in the first three months of the year. It did
not, however, disclose corresponding sales figures for the
first quarter of 2012.
Operational profit reached 306
million pesos ($25.2 million), down 39 percent from 502 million
pesos in the same period last year.
Earnings before interest, taxes,
depreciation and amortization (Ebitda) reached 558 million
pesos ($45.9 million) in first-quarter 2013, down from 1.37
billion pesos in the same period last year, the company
A version of this article was first
published in AMM sister publication Steel