Companhia Siderúrgica Nacional (SID) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Companhia Siderúrgica Nacional (CSN) reported a 12% increase in net revenue in Q2 2024, driven by strong performance in the steel, mining, and cement segments. Despite operational improvements, the company faced a net loss of R$222.6 million due to increased financial expenses and taxes. Adjusted EBITDA rose by 34.5%, but overall financial results were impacted by a negative adjusted cash flow and a rise in net debt due to exchange rate fluctuations.
For further insights into SID stock, check out TipRanks’ Stock Analysis page.
