Grupo Simec reported a 10% rise in net sales to Ps. 24,569 million for the first nine months of 2026, driven by a 14% increase in steel shipments despite a 4% drop in average prices. Net income surged 428% to Ps. 4,028 million, largely due to a shift from a net exchange loss in 2025 to a net exchange gain in 2026. While gross profit margin remained steady at 24%, operating profit was stable at Ps. 3,800 million. The company also saw a 3% increase in EBITDA to Ps. 4,724 million, signaling improved operational efficiency amid higher sales volumes.
Grupo Simec's net income surged 428% to Ps. 4,028 million in the first nine months of 2026, highlighting a significant operational turnaround. For readers following Basic Materials, here is Pluang's market snapshot as of Oct 29, 2026 00:21 WIB: out of 83 priced US stocks, 14 rose and 68 fell. Notable movers include SQM at USD 58.73 (-2.60%), Harmony Gold Mining Co. (HMY) at USD 15.90 with 100% buy orders, and Aura Minerals Inc. (AUGO) at USD 79.34 (-2.33%).
SpaceX reported a strong Q3 with revenue up 161% year-over-year to $14.6 billion and a net profit of $4.4 billion, reversing last year's loss. Starlink, its satellite internet service, grew revenue by nearly 70% to $5.2 billion and added 1.6 million ...
SPIE, a leading European multi-technical services provider, has signed an agreement to acquire a 76% stake in SAR ANLAGENBAU GmbH, a major electrical engineering and automation firm based in Austria and Germany. This acquisition will enhance SPIE's p...
SPIE, a European leader in energy and communication services, has agreed to acquire a 76% stake in SAR ANLAGENBAU GmbH, a key electrical engineering and automation firm in Austria and Germany. This acquisition will broaden SPIE's service portfolio in...
The global dermatological therapeutics market is projected to grow from about $43 billion in 2025 to $97 billion by 2034, with a compound annual growth rate of around 10%. This growth is fueled by increasing cases of acne, psoriasis, and other chroni...
Blockchain.com has launched TRX options trading, providing easier access to TRON's native token through its platform. This move expands the TRON ecosystem's reach by simplifying options trading for retail and institutional users worldwide. TRON, know...
