Accountant of the Brazilian CSN presented her to the leadership of a joyful surprise

When compiling an annual report, the accounting of the CIA Siderurgica Nacional SA (CSN) unexpectedly for its leadership showed a significant increase in income of the largest metallurgical company Brazil in the fourth quarter of 2012.

Profit appeared as a result of improving sales in the country's domestic market, the company said. Moreover, analytical agencies and audit companies predicted a significant deterioration in the financial situation in CSN. Therefore, the received $ 160 million in the last months of last year was a pleasant surprise for shareholders of the company, counting earlier for less than half of this amount.

In 2012, the pure CSN revenue reached the record eight and a half billion dollars, which is 2% more than in the 2011 successful for the global economy. The company's managers associate such a significant improvement with the expansion of sales of metal rolling, especially in the domestic market of Brazil, where a record four and a half million tone of steel was sold.

Despite the fact that the CSN expenses last year increased by almost a third (mainly due to the rise in the cost of iron ore), the company's consolidated profit before tax, known throughout the developed world as EBITDA, increased by 14% and exceeded $ 600 million in the third quarter of 2012.

To joys, the owners of the CSN have already decided to divide 860 million reactions among themselves ($ 430 million) as dividends and interest on capital, however, for the final approval of a joyful saw, a telephone conference with leading investors CIA Siderurgica Nacional SA will be held for their heads, according to the message said in the message in the message says in the message Company.