Magnesita Q3 2011 profits up 9% while revenue dipped slightly
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.
Magnesitas EBITDA* margin rose to 21.1%, up 3.4