Brazil steelmaker Usiminas swings to Q3 loss driven by Monetary Expenditures

Brazil steelmaker Usiminas swings to loss driven by financial expenses 1Brazilian steelmaker Usiminas published a third-quarter net loss on Friday, overlooking market expectations as financial expenses rose dramatically due to the Brazilian currency weakness and provisions. The company swung to a quarterly net loss of 139 million reais ($34.40 million), ” it stated in a securities filing on Friday, from a net profit of 289…
News story published on 2019-11-01T21:12:00.0000000Z