Usiminas recorded net income of R$ 2.488 billion in the fourth quarter of 2021, up 30% over the same period of the previous year, when it had stood at R$ 1.913 billion.
In the year, net income was R$10.060 billion, up 679% compared to 2020, reflecting the strong operating performance of all business units.
Adjusted Ebitda (earnings before interest, taxes, depreciation and amortization) reached R$2.458 billion in the fourth quarter of 2021, up 53% from the same period of the previous year.
In 2021, adjusted Ebitda reached R$ 12.830 billion, an increase of 302% compared to 2020.
Net revenue for the fourth quarter was R$8.049 billion, up 47% compared to the same period in 2020.
In the entire year of 2021, net revenue reached R$ 33.737 billion, an increase of 110% compared to the previous year.
Source: CNN Brasil
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
