Mexican ferroalloys producer Companía Minera Autlán reported an accumulated net sales growth of 2 percent in 2012 compared to 2011, reaching 3.855 billion pesos (US$302 million).
According its annual report to Bolsa Mexicana de Valores (BMV), despite adjustments in ferroalloy prices during the year, the accumulated sales totals are viewed positively by a 6 percent increase in parity and an 8 percent increase in tonnage volume sold.
The low prices of ferroalloys in the third and fourth quarters resulted in the company recording a net profit of 202.9 million pesos (US$15.9 million), a decrease of 6 percent against the previous year. In its report, the company explained that the fourth quarter saw a loss of 44.5 million pesos (US$3.49 million), due to lower product prices.
Additionally, the cost of sales was 4 percent higher in 2012 than the previous year and accounted for 73 percent of sales, similar to 2011. This variation is due to the volume sold and the increased cost of some inputs such as fuel and electricity consumption by devoting 75 percent of the capacity to produce silicomanganese.
Operating income was 315.5 million pesos (US$24.69 million) in 2012, with a margin of 8 percent--2 percentage points below the 2011 total. EBITDA accumulated in 2012 was 537.8 million pesos (US$42.16 million), reflecting a 14 percent decrease compared to 2011.