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GUADALAJARA, Mexico, Feb. 9, 2021 /PRNewswire/ Grupo Simec, S.A.B. de C.V. (NYSE: SIM) ( Simec ) announced today its results of operations for the twelve-month period ended December 31, 2020 and December 31, 2019.
Twelve-Month Period Ended December 31, 2020 compared to Twelve-Month Period Ended December 31, 2019
Net Sales
Net sales increased 5% by the combination of higher shipments of finished steel products and a higher average sales price by 1% compared the same period of 2019, the sales increased from Ps. 34,171 million in the twelve-month period ended December 31, 2019 to Ps. 35,957 million in the same period of 2020. Shipments of finished steel products increased 4% to 2 million 441 thousand tons in the twelve-month period ended December 31, 2020 compared to 2 million 349 thousand tons in the same period of 2019. Total sales outside of Mexico on the twelve-month period ended December 31, 2020 increased 7% to Ps. 17,871 million comp