Ferbasa’s first-quarter profits decline as shipments slide
May 17, 2013 | 05:38 PM
| Carolina Guerra
SÃO PAULO Brazilian ferroalloys producer Cia. de Ferro Ligas da Bahia (Ferbasa) saw first-quarter earnings fall year on year on reduced exports and increased costs.
Net income in the three months ended March 31 totaled 8.6 million reais ($4.2 million) compared with 20.4 million reais in the first quarter of 2012. Total revenue amounted to 185.7 million reais ($91.2 million) in the quarter, up 1.8 percent from last year.....
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