Mexican long products manufacturer Grupo Simec has reported a net profit equivalent to $36.026 million for the second quarter of 2026, compared with a net loss of $58.962 million in the second quarter of 2026. 2025.
On the same comparative basis, net sales increased by 15.6 percent to $480.778 million, production costs increased by 13.7 percent to $360.672 million, gross profit increased by 21.9 percent to $120.106 million, and operating profit increased by 8.3 percent to $76.533 million.
Sales increased by 21% to 516,000 metric tons, of which 384,000 tons accounted for the production of beams and 132,000 tons of special steels.
Simec produces long and special rolled products in Mexico, the USA and Brazil.
Considering that the Group's net profit in the second quarter of 2026 was $36 million, it generated $19 million in Mexico, a net loss of $5 million in the United States, and a net profit of $22 million in Brazil.
Simec reports its results in Mexican pesos (Mexican rupees) converted into US dollars at the exchange rate of 16.95 Mexican rupees per US dollar
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