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| Name | Symbol | Market | Type |
|---|---|---|---|
| Exchange Traded Fund Ubs Etf Global Green Bond Esg | BIT:GGB | Italy | Exchange Traded Fund |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.014 | -0.15% | 9.476 | 9.354 | 9.634 | 9.476 | 9.465 | 9.474 | 5,791 | 16:36:00 |
From Jun 2019 to Jun 2024
Brazilian long steel maker Gerdau (GGB) reported a second-quarter net loss Thursday as a decline in the value of the company's assets and tax payments added to the pain of the global economic slowdown.
Gerdau reported a second-quarter net loss of 329 million Brazilian reals ($181 million), down from a net profit of BRL2.12 billion in the same quarter a year ago.
Without the non-recurring charges, Gerdau said the company would have posted a second-quarter net profit of BRL467 million.
Gerdau, the largest long steel maker in the western hemisphere, reported net revenue of BRL6.4 billion in the second quarter, down 42% from BRL11.1 billion a year ago.
Gerdau's earnings before interest, taxes, depreciation and amortization, or Ebitda, fell 78% to BRL595 million in the quarter, down from BRL2.75 billion in the second quarter of 2008.
-By Jeff Fick, Dow Jones Newswires; 55-21-2586-6085; Jeff.Fick@dowjones.com
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