CSN reports 3rd quarter net of $19 million, up 141 percent from second quarter; Molten steel production up 40.7 percent for period.RIO DE JANEIRO Rio de Janeiro, city, Brazil Rio de Janeiro (rē`ō də zhänā`rō, Port. rē`  thĭ zhənĕē`r , Brazil--(BUSINESS WIRE)--Dec. 1, 1995--Companhia
Siderzrgica Nacional Nacional is the Spanish and Portuguese word for national. It can refer to: Sports
CSN Centrala studiestödsnämnden (Swedish: state education grant and loan program) CSN Confédération des Syndicats Nationaux (French) (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : CSNMY/SCO PAULO Paulo is the Portuguese form of the given name Paul:
CSN s third quarter net was R$17.721 million ($19.22 million), price level adjusted, a gain of 141.99 percent over the second quarter. The Company also reported a 40.74 percent gain in production of molten steel compared with the second quarter, marking a return to normal production levels which had been affected by the shutdown shut·down n. A cessation of operations or activity, as at a factory. shutdown Noun the closing of a factory, shop, or other business Verb shut down of a blast furnace blast furnace, structure used chiefly in smelting. The principle involved in this means of extracting metals is that of the reduction of the ores by the action of carbon monoxide, i.e., the removal of oxygen from the metal oxide in order to obtain the metal. . The year to year production gain for the quarter was 5.34 percent. Production reached 1.223 million tons in the third quarter, up from 869,000 tons in the second, and up from 1.161 million tons in the third quarter of 1994. CSN reported third quarter net revenue of R$421.571 million ($457.235 million), down 11 percent from the second quarter, and down from net revenue of R$574.479 million ($623.079 million) in the 1994 third quarter. The Company said a 23 percent drop in domestic shipments was largely offset by a 73 percent gain in exports and increased domestic sales of coated products which have a higher aggregate value. Prices increased moderately in both markets. Operating profits Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. in the quarter reached R$24.277 million ($26.331 million), up from R$13.573 million ($14.721 million) in the second, but down from R$102.012 million ($110.642 million) in the same period a year ago. Third quarter earnings per unit of 1000 shares were R$0.23 ($0.25) as compared with R$0.09 ($0.098) in the second and R$0.80 ($0.868) in the 1994 third quarter. Inventory, mainly of finished products, rose considerably in the third quarter, due to the lower domestic shipments and the return to normal production levels. CSN reported that its 1993 plan to increase production of galvanized gal·va·nize tr.v. gal·va·nized, gal·va·niz·ing, gal·va·niz·es 1. To stimulate or shock with an electric current. 2. steel products to the nominal level This article is about the term used in sound and signal processing. For usage in statistics, see nominal measurement. Nominal level is the operating level at which an electronic signal processing device is designed to operate. of 500,000 tons by 1999 was passed in 1994 with production of 570,000 tons. The Company expects galvanized steel production to reach 640,000 tons by the end of the current year. The Company said it has made major investments since 1993 to improve plant and reduce polluting pol·lute tr.v. pol·lut·ed, pol·lut·ing, pol·lutes 1. To make unfit for or harmful to living things, especially by the addition of waste matter. See Synonyms at contaminate. 2. emissions. During the third quarter CSN completed some of the investment needed to upgrade its hot coils and continuous casting Continuous casting is a refinement of the casting process for the continuous, high-volume production of metal sections with a constant cross-section. It allows lower-cost production of metal sections with better quality, due to finer control through automation of the casting machines. The Company also signed a contract to acquire a Reversible reversible, adj capable of going through a series of changes in either direction, forward or backward (e.g., reversible chemical reaction). reversible hydrocolloid, n See hydrocolloid, reversible. Temper Mill The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. (valued at $35 million) to increase its market share in the automotive industry The automotive industry is the industry involved in the design, development, manufacture, marketing, and sale of motor vehicles. In 2006, more than 69 million motor vehicles, including cars and commercial vehicles were produced worldwide. . In addition, CSN invested approximately US$40 million in their ongoing investment program which began in 1993. The Company expects the total to reach US$1.1 billion by 1998. -0-
CSN
BALANCE SHEET
September 30, 1995 in thousands R$
30-Sep-95 30-Jun-95 30-Sep-94
Assets 6.820.199 6.732.792 6.956.441 Current 1.434.232 1.275.958 1.298.429 Cash 491 243 4.410 Credits 258.979 267.073 320.362 Inventories 750.100 610.842 584.976 Others 424.662 397.800 388.681 Long-Term Receivables 307.667 297.818 305.887 Credits with related companies 158.519 154.149 208.763 Others 149.148 143.669 97.125 Permanent 5.078.300 5.159.016 5.352.125 Investment-Subsidiaries 45.122 50.691 59.982 Fixed 5.029.422 5.104.730 5.292.143 Deferred 3.756 3.595 Liabilities 1.302.124 6.732.892 6.956.441 Current 763.158 642.758 664.935 Suppliers 45.719 33.170 44.543 Financing 185.307 168.862 226.894 Taxes and Social Contr. 98.702 110.255 92.765 Dividends 255 1.208 32 Provisions 151.013 152.345 128.825 Others 282.162 176.918 171.876 Long-Term Liabilities 538.966 589.745 667.423 Loans and Financing 294.277 336.957 364.833 Provisions 73.654 79.217 302.591 Others 171.035 173.571 Stockholder's Equity 5.518.074 5.500.389 5.624.082 Capital Stock 1.604.821 1.604.821 1.572.420 Capital Reserve (29.545) (29.511) Reevaluation Reserve 3.047.248 3.115.622 3.317.121 Profit Reserve 520.657 520.657 377.832 Accumulated Profit 374.893 288.800 356.709 -0-
CSN
1995 Third Quarter Income Statement
(in thousands - R$)
1R$=0,922 US$ Sept. 30, 1995 June 30, 1995 Sept. 30, 1994 Net Revenue 421.571 487.995 574.479 Cost of Goods and Services Sol 374.887 440.932 503.399 Gross Profit 46.684 47.062 71.080 Operational Expenses 16.176 19.482 (45.089) Selling 22.921 15.880 26.852 General and Administrative 15.177 19.445 10.786 Financial (38.899) (11.060) (93.908) Others 16.977 (4.783) 11.181 Equity in earnings of subsidia (6.231) (14.007) (14.157) Operating Profit 24.277 13.573 102.012 Non-operating Profit 1.678 2.725 (14.519) Earnings before taxes 25.955 16.298 87.493 Provision for inc. tax and soc 8.234 8.975 30.921 Deferred income tax (6.082) Earnings (Losses) 17.721 7.323 62.654 Outstanding shares (thousand) 77.614.761 77.614.761 78.793.170 Earnings per thousand shares 0.23 0.09 0.80 Note: Price level adjusted CONTACT: CSN Claudio T.H. Kuroba Tel. 011-5521-545-1310 or The Anne McBride Anne C. McBride (born Nova Scotia) was a frequent candidate in Canadian federal and provincial elections and by-elections in the 1970s, 1980s and 1990s. McBride was an ordained minister in the Assemblies of God, a Pentecostal Christian denomination. Co. Jane Valdez Tel. 212-752-0504 |
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