Companhia Siderúrgica Nacional ( (SID) ) has issued an update.
Companhia Siderúrgica Nacional released its audited financial statements for the year ending December 31, 2024, confirming a fair presentation of its financial position in accordance with Brazilian and international standards. The audit highlighted the realization of deferred tax assets as a key matter, emphasizing the critical judgments involved in projecting future taxable income, which could impact financial outcomes and necessitate reassessment of asset recoverability.
More about Companhia Siderúrgica Nacional
Companhia Siderúrgica Nacional is a prominent player in the steel industry, primarily engaged in the production and distribution of steel products. The company focuses on both domestic and international markets, leveraging its strategic position in Brazil to cater to diverse industrial needs.
YTD Price Performance: 22.54%
Average Trading Volume: 2,253,471
Technical Sentiment Signal: Buy
Current Market Cap: $2.29B
For an in-depth examination of SID stock, go to TipRanks’ Stock Analysis page.