Brazil's Usiminas posts Q1 net loss

Apr 25, 2012 | 09:57 AM |

Brazil’s flat steel and iron ore producer Usiminas reported a net loss of 36.8 million Reais ($19.6 million) in 2012’s first quarter, mainly due to provisions for legal contingencies, exchange rate losses and increased net financial expenses. Its consolidated net revenues in the quarter reached 2.9 billion Reais, up by 2.5% over those in the fourth quarter of 2011, mostly through....

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