Steelmaker Ternium posts 84% drop in Q3 net profit

(Reuters) - Steelmaker Ternium reported on Thursday a third-quarter net income of $220 million, down roughly 84% from a year earlier due to lower realized steel prices and an increase in raw material and energy costs.

The company, which operates mainly across Latin America, reported revenues of $4.13 billion in the three months to September, a 10% drop from the same period last year.

(Reporting by Gabriel Araujo and Valentine Hilaire; Editing by Steven Grattan)