Brazilian steelmaker Gerdau reports 39 pct drop in Q1 profit

miércoles 6 de mayo de 2015 08:01 GYT
 

RIO DE JANEIRO May 6 (Reuters) - Brazilian steelmaker Gerdau SA reported first quarter net profit of 267 million reais ($88 million) on Wednesday, a 39 percent drop from the same period a year earlier.

Net revenue dropped 1 percent year-on-year, to 10.45 billion reais.

($1 = 3.05 reais) (Reporting by Stephen Eisenhammer and Walter Brandimarte)