Brazil’s CSN sees profit surge in Q4 2020

Tuesday, 23 February 2021 20:19:59 (GMT+3)   |   Sao Paulo
       

Brazilian steelmaker Companhia Siderurgica Nacional (CSN) saw its net profit in Q4 2020 rise 243.6 percent, year-over-year, to BRL 3.89 billion ($718.2 million).

The company also saw its adjusted EBITDA in Q4 2020 spike 200 percent, year-over-year, to BRL 4.73 billion ($873.7 million). Adjusted EBITDA margin in Q4 2020 improved to 47 percent, from 23.6 percent in Q4 2019.

CSN said net revenues in Q4 2020 rose 50 percent, year-over-year, to BRL 9.79 billion ($1.80 billion). Steel sales volumes in Q4 2020 totaled 1.22 million mt, 10 percent up, year-over-year. Iron ore sales volumes in Q4 2020 declined 16 percent, year-over-year, to 8.63 million mt.

USD = BRL 5.42 (February 23)


Similar articles

Net profit declines sharply at CSN in 2023

07 Mar | Steel News

CSN posts $58 million net profit for Q2

03 Aug | Steel News

CSN posts $165 million net loss for Q1

04 May | Steel News

Net profit declines sharply at CSN in 2022

09 Mar | Steel News

Net profit declines at CSN in the third quarter

01 Nov | Steel News

CSN expects improved results in Q3

17 Aug | Steel News

CSN’s net profit falls sharply in Q2 2022

16 Aug | Steel News

CSN posts higher net profit for the first quarter of 2022

06 May | Steel News

CSN Mineração sees net profit decline in Q4 2021

28 Mar | Steel News

Brazil’s CSN sees net profit decline in Q4 2021

10 Mar | Steel News