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Dec 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

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Gerdau posts quarterly profit $320mn

SAO PAULO : Brazilian steelmaker Gerdau posted second-quarter net income of 503 million reais ($320 million) on Thursday

Muhammad Iqbal Published August 4, 2011

gerdau SAO PAULO: Brazilian steelmaker Gerdau posted second-quarter net income of 503 million reais ($320 million) on Thursday, compared with 856 million raised a year earlier.

The Porto Alegre, Brazil-based company, the world's second-biggest producer of steel products for the construction industry, was expected to earn 534.2 million raised, according to the average estimate of Reuters,

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