Brazil's Usiminas sees operational profit rising in coming years

martes 9 de agosto de 2016 16:26 GYT
 

SAO PAULO Aug 9 (Reuters) - Usinas Siderúrgicas de Minas Gerais SA expects operational profit to reach at least 2 billion reais ($636 million) annually from 2019, citing efforts by Brazil's largest listed maker of flat steel to cut costs and debt.

In a securities filing on Tuesday, Usiminas said earnings before interest, tax, depreciation and amortization could reach at least 1.2 billion reais next year. The indicator of operational profit is commonly known as EBITDA. ($1 = 3.1441 Brazilian reais) (Reporting by Guillermo Parra-Bernal, editing by G Crosse)