Gerdau S.A. Reports Strong Asset Growth

Gerdau SA (GGB) has released an update.

Gerdau S.A., a prominent steel manufacturer, has released its condensed consolidated interim financial statements as of June 30, 2024, showing a robust increase in total assets to R$82.4 billion from R$74.9 billion at the end of the previous year. The financial report indicates growth in both current and non-current assets, reflecting the company’s positive momentum in the market. Key figures such as cash and cash equivalents, trade accounts receivable, and inventories all showed significant increases, signaling strong operational performance.

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