| Brazil's CSN posts 2nd-qtr loss as mining division struggles | |
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SAO PAULO, Aug 13 (Reuters) - Brazil's CSN on Thursday reported that it swung to a net loss of 614.6 million reais ($176.6 million) in the second quarter as lower demand for iron ore weighed on revenue. The company, formally known as Companhia Siderúrgica Nacional SA, saw net revenue in its mining division drop by nearly half from a year earlier, while revenue in its steelmaking division remained stable. The company posted adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of 801 million reais from revenue of 3.687 billion reais. ($1 = 3.48 Brazilian reais) (Reporting by Asher Levine; Editing by Christian Plumb)
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Companhia Siderurgica Nacional
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CODE : SID |
ISIN : US20440W1053 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Companhia Siderurgica is a development stage company based in Brazil. Companhia Siderurgica is listed in United States of America. Its market capitalisation is US$ 3.0 billions as of today (€ 2.7 billions). Its stock quote reached its lowest recent point on October 11, 2002 at US$ 0.70, and its highest recent level on December 01, 2006 at US$ 9.98. Companhia Siderurgica has 1 387 520 000 shares outstanding. |