Grupo Simec: Fourth Quarter Financial Highlights

Grupo Simec Reports Fourth Quarter Financial Results

Grupo Simec SAB de CV, headquartered in Guadalajara, Mexico, announced a net profit of $42.1 million for the fourth quarter.

The company’s earnings translated to $0.25 per share for the period.

During the same quarter, the steel manufacturer generated $435.5 million in revenue.

Looking at the full year, Grupo Simec achieved a total profit of $80 million, or $0.48 per share, with annual revenue reaching $1.58 billion.