Gerdau Reports Growth in Total Assets

Gerdau (GGB) has released an update.

Gerdau S.A. has released its condensed consolidated interim financial statements as of March 31, 2024, showing a noticeable increase in total assets, from R$74.9 billion at the end of December 2023 to R$77.0 billion. The rise in assets reflects positive movements in current assets such as cash, receivables, and inventories, although there was a slight decrease in short-term investments. These financial results may interest investors looking for stability and growth in the industrial sector.

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