Brazil’s CSN net profit drops 82% in Q3

Image courtesy of CSN

Brazilian steelmaker Companhia Siderurgica Nacional (CSN) said on Monday its third-quarter net profit fell 82% from a year earlier.

The bottom line came in at 238 million reais ($45.95 million), while its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) fell 37% to 2.714 billion reais.

($1 = 5.1796 reais)

(By Carolina Pulice and Peter Frontini)

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