According to the Mexican Stock Exchange (BMV), accumulated net income for 2012 reported by Mexican steel distributor Grupo Collado amounted to 316.3 million pesos (US$25.41 million), reflecting a distinct turnaround from the company's net loss in 2011 of 291 million pesos (US$23.4 million) in 2011.
Grupo Collado's sales volumes for the full year 2012 reached 364,130 metric tons, 8.1 percent lower than in 2011. Sales totals for the year amounted to 5.48 billion pesos (US$44 million), a 4 percent drop from 2011.
In the fourth quarter of the year, sales volumes totaled 86,098 metric tons, down 10.7 percent from Q4 2011, while sales totals reached 1.26 billion pesos (US$101 million), down 20.3 percent from 2011.
According to the company, sales were negatively affected in Q4 by the United States' fiscal gap that stopped Mexican manufacturing exports, in addition to a contraction of the construction GDP in the second half of the year.
