Earnings at Votorantim's long steel division up 2% in Q1

By Felipe Peroni / May 11, 2018 / www.metalbulletin.com / Article Link

Earnings at Brazil-based Votorantim's long steel division, which comprises assets in Argentina and Colombia, increased by 2% year-on-year in the first quarter of 2018, with growth in revenues mostly offset by higher costs.

Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) came to 45 million Reais ($12.59 million) in January-March, against 44 million Reais a year before, Votorantim said on Friday May 11.The company's net revenues came to 416 million Reais during the...

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