Brazil steelmaker Usiminas reported a net income of BRL 129 million ($58.1 million) in the second quarter of the year, up from a BRL 29 million loss ($13 million) in Q2 of 2013, the company said Thursday.
Adjusted Ebitda reached BRL 549 million ($247.3 million) in Q2 this year, down from BRL 655 million ($295.1 million) in Q1.
Usiminas Q2 results increased by 24 percent compared to the same quarter of the last year, when adjusted Ebitda was BRL 441 million ($198.7 million), the company said to investors.
According to Usiminas, it’s been a tough process of “continuous development” in the period of 2013-2015. The process includes a stronger focus in the domestic market as well in its core business.