Companhia Siderurgica Nacional (SID)

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Companhia Siderurgica reports Q2 profit

Aug 4 2014, 09:25 ET | About: Companhia Siderurgica Nacional (SID)

Companhia Siderurgica (NYSE:SID): Q2 Net Income of R$19.03M
Revenue of R$4.05B (-0.2% Y/Y)
Press Release

http://seekingalpha.com/news/1895815-companhia-siderurgica-reports-q2-profit?uprof=45


CSN Announces 2Q14 Results
Mon August 4, 2014 9:01 AM|PR Newswire

SAO PAULO, Aug. 4, 2014 /PRNewswire/ -- CSN - Companhia Siderurgica Nacional (SID) (BM&FBOVESPA: CSNA3) (NYSE: SID) announces its results for the second quarter of 2014 (2Q14):
•Adjusted EBITDA amounted to R$1.3 billion in 2Q14, 19% up on 2Q13;
•Adjusted EBITDA from the steel segment totaled R$793 million, 28% more than in 2Q13 and the highest quarterly figure since 3Q10;
•The adjusted steel segment EBITDA margin was 28%, an 8 p.p. improvement over 2Q13;
•Second-quarter cement sales came to 564,000 tonnes, with net revenue of R$113 million, adjusted EBITDA of R$34 million and an adjusted EBITDA margin of 30%, all of which Company records;
•Gross profit totaled R$1.3 billion in 2Q14, 26% more than in the same period last year;
•The second-quarter gross margin widened by 6 p.p. over 2Q13 to 32%;
•CSN closed 2Q14 with cash and cash equivalents of R$11.9 billion;
•The Net Debt/EBITDA ratio ended the quarter at 2.71x, virtually identical to the end-of-March figure.

The full Earnings Release is available on CSN's IR website at www.csn.com.br/ir.

http://seekingalpha.com/pr/10658835-csn-announces-2q14-results