Brazilian minerals and refractories producer Magnesita Refratários SA reported a net profit of real (R) 34.4m ($19.6m) in the third quarter of 2010, up 9% on the R31.6m ($18m) in the same period of 2010.
Magnesita’s EBITDA* margin rose to 21.1%, up 3.4 points on the second quarter of 2011.
In a company statement, Ronaldo Iabrudi, chief executive officer, said: “Magnesita’s solid third quarter results highlight the flexibility of...