Thursday, May 3, 2007

UPDATE 1-Brazil steelmaker Gerdau's profit rises 4 percent

(Reuters) - Earnings before interest, taxes, depreciation and amortization, a measure of cash flow known as EBITDA, rose over 17 percent to 1.37 billion reais from 1.17 billion reais. Net revenues rose nearly 16 percent to around 6.5 billion reais.

Gerdau, Brazil's leading producer of long-rolled steel, also has operations in Canada, the United States, Spain, Colombia, Peru, Chile, Argentina, Uruguay and Mexico.


Read more at Reuters.com Market News

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