Aceros Arequipa's Q1 net profit falls 50% year-on-year

May 01, 2012 | 04:53 AM |

Peruvian steel mill Aceros Arequipa saw its net profit decline by 49.5% in the first quarter of 2012 compared with the corresponding period last year, mainly as a consequence of reduced steel sales prices. Net profit came to 31.9 million nuevo soles ($11.9 million) in the first quarter....

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