Gerdau S.A. Consolidated - First 9 Months of 2007 Results (International accounting standard as delineated by the International Accounting Standards Board - IASB).

PR Newswire Europe, November, 2007

PORTO ALEGRE, Brazil, November 7 /PRNewswire/ --

Gerdau S.A. announces results for the first nine months of 2007.

Output of crude steel reaches 13 million metric tons in nine months, 9.4% more than the volume produced in 2006.

Gross sales revenue reaches R$ 25.1 billion in the period from January to September, 16.1% more than the same period 2006. Of this amount, 61% consists of exports and sales from overseas companies.

Exports from the Gerdau companies in Brazil contributed US$ 1.1 billion toward the consolidated sales revenue reached up to September this year.

Net profit reaches R$ 3.4 billion in the first nine months of 2007, 7.6% more than the same period for 2006. The net margin was 14.9%.

Interest on...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.