Brazil's Gerdau posts 48% fall in first quarter net profit-March 2024-www.financetom.com

Brazil's Gerdau posts 48% fall in first quarter net profit

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Brazil's Gerdau posts 48% fall in first quarter net profit

May 2, 2024 3:23 PM

SAO PAULO, May 2 (Reuters) - Brazilian steelmaker Gerdau ( GGB )

posted on Thursday a 47.9% decrease in its adjusted

net profit for the first quarter from the same period a year

earlier.

It reported a 1.25 billion reais adjusted net profit for the

three-month period ended in March.

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