1 MIN. DE LECTURA
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