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Nexa Resources Reports 2024 Financial Results with Net Loss Despite Revenue Growth

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Nexa Resources Reports 2024 Financial Results with Net Loss Despite Revenue Growth

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The latest announcement is out from Nexa Resources SA ( (NEXA) ).

Nexa Resources S.A. released its consolidated financial statements for the year ending December 31, 2024, reporting net revenues of $2.77 billion, slightly up from $2.57 billion in 2023. Despite this increase in revenue, the company faced a net loss of $187.4 million for the year, attributed to higher financial expenses and impairments, contrasting with a net income of $76.9 million in 2022. This financial performance underscores ongoing challenges in managing operational costs and navigating market fluctuations, impacting stakeholder confidence.

More about Nexa Resources SA

Nexa Resources S.A. operates in the mining industry, primarily focusing on the extraction and production of zinc, copper, and lead. The company is headquartered in Luxembourg and serves a global market, leveraging its extensive portfolio of mining operations and exploration projects.

YTD Price Performance: -25.42%

Average Trading Volume: 122,600

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $682.1M

See more data about NEXA stock on TipRanks’ Stock Analysis page.

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