CSN’s cement net revenue reached R$98 million in 1Q14
Brazil’s Companhia Siderúrgica Nacional (CSN) has released its consolidated results for 1Q14. During this period, the group’s net revenue increased by 20% y/y to R$4.4 billion. This rise has been attributed to revenue growth in CSN’s mining and steel segments. Meanwhile, gross profit reached R$1.3 billion, 69% higher than in 1Q13. Adjusted EBITDA improved by 60% y/y to R$1.4 billion, and adjusted EBITDA was up 8 percentage points on 1Q13.
Segments
- Cement: R$98 million net revenue, R$27 million adjusted EBITDA. CSN sold 488 000 t of cement in January – March 2014.
- Mining: R$1.247 billion net revenue, R$585 million adjusted EBITDA.
- Steel: R$3.127 billion net revenue, R$761 million adjusted EBITDA.
- Logistics: R$338 million net revenue, R$110 million adjusted EBITDA.
- Energy: R$65 million net revenue, R$23 million adjusted EBITDA.
Adapted from press release by Louise Fordham
Read the article online at: https://www.worldcement.com/the-americas/14052014/companhia_siderurgica_nacional_1q14_results_194/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.