Jul 25. () –
Lingotes Especiales closed the first half of 2024 with a net profit of 1.32 million euros, which is equivalent to a decrease of 7.4% compared to the 1.43 million euros recorded in the same period of the previous year.
“The solidity of our financial structure has been able to cushion the crisis we are facing, and the rise in interest rates will not significantly affect our profit and loss statement,” the company explained.
“Furthermore, once the increases in raw material and energy costs have been transferred to sales prices and normal activity has been restored, normal results will return,” the company said.
The turnover of Special Ingots between January and June was 46.74 million euros, which represents a decrease of 8.4% compared to the same period in 2023.
The company’s gross operating profit (EBITDA) reached 5.35 million euros, 3% above the 5.19 million recorded in the first half of 2023.
Personnel expenses for the first half of the year amounted to 14.05 million euros, an increase of 3.2%, while other operating expenses decreased by 5.2% to 10.19 million.
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