Magnesita reports US$45.4m net income in 1H16

Magnesita reports US$45.4m net income in 1H16
Published: 16 August 2016


Brazil-based Magnesita Refratários SA registered net income of US$45.4m between January and June of 2016, after a US$5m loss in the first half of 2015. The performance was driven by better operational results and foreign exchange variation. The company's adjusted EBITDA reached US$80.5m, with a 16.5 per cent margin, compared to a 15.4 per cent margin in the first semester of 2015. Consolidated revenue for the period amounted to US$486.8m, a nine per cent drop in the same comparison.
 

 

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