Home / Business and Economy / Gerdau's Q4 Profit Inches Up Amidst Market Shifts
Gerdau's Q4 Profit Inches Up Amidst Market Shifts
24 Feb
Summary
- Gerdau reported a 0.5% net profit increase in Q4.
- Adjusted net profit reached 670 billion reais.
- EBITDA saw a slight year-on-year decrease of 0.7%.
Brazilian steel manufacturer Gerdau experienced a marginal increase in its adjusted net profit during the fourth quarter. The company reported a 0.5% rise, bringing the total to 670 billion reais.
Despite the overall profit growth, Gerdau's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) saw a slight decline. This figure decreased by 0.7% compared to the same period in the previous year, settling at 2.37 billion reais. This performance was largely in line with analyst expectations.
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