CSN announces 2Q16 results
August 15 2016 - 5:54PM
PR Newswire (US)
SAO PAULO, Aug. 15, 2016 /PRNewswire/ -- CSN – Companhia
Siderurgica Nacional (BM&FBOVESPA: CSNA3) (NYSE: SID)
announces its results for the second quarter of 2016
(2Q16):
- R$855 million EBITDA
generated, a 17% increase over 1Q16, with 19% EBITDA
Margin
- During June, the EBITDA reached R$320
million, showing a recovery in the domestic steel market
and the mining segment
- Steel Sales of 1,253kt, a slight expansion over
1Q16
- Increased share of Coated Products, achieving 60% of
the flat steel sales
- Iron Ore Production of 8.5Mt, with Sales of 9.3Mt
- Delivered Iron Ore Costs of US$28,2/wmt, against US$31,2/wmt in 1Q16 (-10%)
- Working Capital reduction of R$718 million during 2Q16, with a cash
conversion cycle of 77 days, 24 days shorter than 1Q16
The full Earnings Release is available on CSN's IR website at
www.csn.com.br/ir.
CSN will be hosting conference call about its 2Q16 Earnings on
Tuesday, August 16th,
2016, at 10:00 a.m. (US ET) in
Portuguese with simultaneous translation into English. Connection
details may be obtained on the Company's IR website.
Investor Relations
David Moise
Salama
Investor Relations Executive Officer
Phone: +55 11 3049-7238
invrel@csn.com.br
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/csn-announces-2q16-results-300313726.html
SOURCE CSN - Companhia Siderurgica Nacional
Copyright 2016 PR Newswire
Companhia Siderurgica Na... (NYSE:SID)
Historical Stock Chart
From Mar 2024 to Apr 2024
Companhia Siderurgica Na... (NYSE:SID)
Historical Stock Chart
From Apr 2023 to Apr 2024