Magnesita’s Q2 sales buoyed by favourable currency effects
Published: Friday, 14 August 2015
The Brazilian refractories producer has managed to boost sales amid lacklustre steel activity. The firm’s refractories and industrial minerals divisions have contributed significantly to its sales increase.
Brazil-based Magnesita Refratarios saw its
group revenue increase by Brazilian real (R$) 790.7m ($227.6m*)
in Q2 2015, primarily helped by the effect of the exchange rate
depreciation on refractories sales in dollars.
The company’s EBITDA** also saw an uptick by
7.8% to R$102.9m ($29.6m) for the quarter, compared to...