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Grupo Simec Announces Results Of Operations For The First Six Months Of 2019

Grupo Simec, S.A.B. de C.V. American Depositary Shares (SIM) 
NASDAQ:AMEX Investor Relations: gsimec.com.mx/index.php?lang=en
Company Research Source: PR Newswire
GUADALAJARA, Mexico, July 24, 2019 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE: SIM) ("Simec") announced today its results of operations for the sixth-month period ended June 30th, 2019.Comparative first six months of 2019 vs. first six months of 2018Net Sales Net sales of the Company increased from Ps. 17,022 million in the first half of 2018 to Ps. 18,528 million in the first half of 2019. Shipments increased 8% from 1,092 thousand tons in the first half of 2018 to 1,183 thousand tons in the first half of 2019. Total sales outside of Mexico in the first half of 2019 increased 30% to Ps. 9,091 million compared to Ps. 6,988 million in the first half of 2018. Mexican sales decreased 6% from Ps. 10,034 million in the first half of 2018 to Ps. 9,437 million in the first half of 2019. Sales increased for the first half of 2019 compared to the first half of 2018, is due to the combined of increased in the average sales price of 0.5% and increase in the volume of shipments approximate Show less Read more
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