Corporación Aceros Arequipa
Corporación Aceros Arequipa S.A.: ANNOUNCES RESULTS FOR THE THIRD QUARTER 2018
During 3Q 2018 Revenue was S/ 653 million (+1.4% YoY). EBITDA was S/ 76 million with a margin of 11.6%, while in 9M 2018 reached S/ 254 million (+56.1% YoY). Additionally, Net Profit reached S/ 33 million and Net Margin was 5.0%, and Net Debt / EBITDA ratio reached 1.7x as of Sep, 2018 LIMA, PERU / ACCESSWIRE / October 26, 2018 / Corporación Aceros Arequipa S.A. (“The Company” or “Aceros Arequipa”) (BVL: CORAREC1; BVL: CORAREI1) announced today its unaudited financial results corresponding to the Third Quarter (“3Q 2018”) and first nine-months (“9M 2018”) periods ended September 30, 2018. Financial figures are reported on a consolidated and individual basis in nominal Peruvian Soles (S/) and are in accordance with International Financial Reporting Standards (“IFRS”). The following individual statements should be read in conjunction with the Financial Statements and Notes published at the Peruvian Securities and Exchange Commission (Superintendencia del Mercado de Valores – SMV). Main highlights
For a full version of Aceros Arequipa’s Third Quarter 2018 Earnings Release, please visit: http://www.acerosarequipa.com/third-quarter-2018-earnings-conference-call.html Conference Call Information Corporación Aceros Arequipa S.A. cordially invites you to participate in its Third Quarter 2018 Earnings Conference Call Date: Monday, October 29, 2018 Time: 12:30 pm ET / 11:30 am Lima Time 1 For further information about Comercial del Acero S.A. please take a look at section V. Dial in numbers: From the U.S.: 1-877-830-2576 International: 1-785-424-1726 Passcode: AASA To access the live webcast presentation, visit: https://webcasts.eqs.com/aceros20181029 About CORPORACIÓN ACEROS AREQUIPA S.A. CORPORACIÓN ACEROS AREQUIPA S.A., founded in 1964, is the leading Peruvian Company in production and commercialization of steel products, with exports to Bolivia and other countries in the region. Its core products are rebars and wire rod and other products for the construction industry as well as merchant bars & profiles and flat steel products. The Company has an industrial facility located in Pisco, Peru with an average per-year capacity of 850 thousand tons for its melt shop and 1,250 thousand tons in steel rolling mill. Aceros Arequipa employs over 1,100 people across its operations in Peru and subsidiaries. The Company´s common and investment (non-voting) shares are listed on the Lima Stock Exchange under the ticker symbols CORAREC1 and CORAREI1, respectively. For more information, please contact: Ricardo Guzman, CFO & IRO In New York Rafael Borja SOURCE: Corporación Aceros Arequipa S.A.
10/26/2018 EQS Newswire / EQS Group AG |