PORTO ALEGRE, Brazil, Aug. 6 /CNW/ -- Gerdau S.A. Announces 1st Half 2008
1st Half 2008 Results
-- Gross revenue reaches R$ 22.3 billion in the 1st semester 2008, 35.2%
higher than the same period in 2007.
-- Net profit reaches 3.2 billion in the semester with net margin of
-- 2nd quarter dividends will be paid on August 27. Metalurgica Gerdau
S.A. shareholders will receive R$ 0.60 per share and Gerdau S.A. shareholders
R$ 0.36 per share.
-- EBITDA reaches R$ 4.7 billion in the 1st semester, 51.7% higher than
the value achieved in the same period in 2007. Margin is 23.6% versus 21.0% in
-- Crude steel production grows 25.6% in 1st semester when compared to
the same period in 2007, totaling 10.8 million tonnes.
-- Exports from Brazil generate revenues of US$ 994.5 million in the
semester, totaling 1.4 million tonnes.
-- Metalurgica Gerdau S.A. and Gerdau S.A. conclude capital increase of
approximately R$ 1.5 billion and R$ 2.9 billion, respectively. Metalurgica
Gerdau issued 19.2 million stocks at R$ 78.35 per stock and Gerdau S.A. issued
48.1 million stocks at R$ 60.30 per stock.
-- Shareholders approve 100% stock split aiming to increase stock.
liquidity and facilitate investors' access by reducing the standard lot price.
-- Acquisitions announced and closed this year represent investments of
US$ 3.3 billion and business expansion in Brazil and abroad.
Gerdau S.A. informs that it has filed today its 1st half 2008 results at
the Securities and Exchange Commission (SEC) and at the Comissao de Valores
Mobiliarios (CVM). To access this document, please click on
This document and the complementary data regarding the 1st half 2008 are
also available at Gerdau's site http://www.gerdau.com.br/ing/ri.
For further information:
For further information: Thiago Deiro, Investor Relations Advisor,
Gerdau S.A., +011-55-51-3323-2703, firstname.lastname@example.org Web Site: