CSN posts delayed Q2 and Q3 results

Tuesday, 09 January 2018 00:11:49 (GMT+3)   |   Sao Paulo
       

Brazilian steelmaker Companhia Siderurgica Nacional (CSN) has reported its delayed 2017 Q2 and Q3 results.

The company reported a BRL 640 million net loss in Q2 2017, reverting a net profit of BRL 46.1 million posted in Q2 2016. Net revenues in Q2 2017 rose 4 percent, year-on-year, to BRL 4.3 billion.

As for Q3 2017, CSN reported a net profit of BRL 256 million on increased operational margins at its steelmaking and mining businesses. In Q3 2016, CSN reported a net loss of BRL 66.7 million. Revenues in Q3 2017 improved 8 percent, year-on-year, to BRL 4.8 billion.


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