Magnesita Q3 2011 profits up 9% while revenue dipped slightly

By Mike O'Driscoll
Published: Thursday, 10 November 2011

Quarter impacted by economic slowdown as drive to 90% vertical integration continues

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...

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