Brazilian steelmaker CSN posts profit of 392 mln reais in Q1

miércoles 6 de mayo de 2015 08:00 GYT

RIO DE JANEIRO May 6 (Reuters) - Brazilian steelmaker CSN reported on Wednesday a first quarter net profit of 392 million reais ($128.5 million), beating analyst expectations.

The company, formally known as Companhia Siderúrgica Nacional SA, posted earnings before interest, taxes, depreciation and amortization of 911 million reais from revenue of 4 billion reais.

A Reuters poll of analysts had forecast a net loss of 827 million reais for the period.

($1 = 3.05 reais)

(Reporting by Stephen Eisenhammer and Walter Brandimarte)