Gerdau hit by higher costs, heavy rains in Q1
May 07, 2012 | 02:54 AM
Gerdau’s earnings dropped 9% in the first quarter, as the Brazilian steelmaker dealt with higher costs as well as weather disruption in Brazil.
Core earnings, before interest, taxes, depreciation and amortisation (Ebitda) fell to 1 billion Reais ($517 million), and net profit went down by 3% to 397 million Reais.
Gerdau’s cost of goods sold increased from....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.