CSN Announces Year-To-Date Net Income of R$1.7 Billion and EBITDA of R$3.5 Billion

    SAO PAULO, Brazil, Nov. 3 /PRNewswire-FirstCall/ -- CSN (BOVESPA: CSNA3)
 (NYSE:   SID) releases its third quarter 2005 results (3Q05), in accordance with
 Brazilian accounting principles and denominated in Reals.
 
     Highlights
 
     -- Two new production historical records; in August, 458.9 thousand tonnes
        produced in LTQ-2, and 6.05 thousand tonnes produced in the continuous
        painting line of CSN Parana.
     -- Sales in the quarter totaled 1,181 thousand tonnes, 44 thousand tonnes
        above the previous quarter. Exports as a share of total sales grew from
        33% to 48%.
     -- Prices in the domestic market were flat and exports prices fell 20% in
        dollars terms.
     -- Year-to-date accumulated net revenue is 6% higher than the reported in
        the same period of the previous year, despite the 13% fall in net
        revenues for the quarter.
     -- Reduction of 7% in total production cost and 4% in unit cost.
     -- Purchase of 240 thousand tonnes of coke at an average price of US$151/t
        CIF, anticipating a lighter cost structure for 2006.
     -- Accumulated EBITDA of R$ 3.5 billion, 5% higher compared to the same
        period of 2004. Margin of 46.4% in 2005 compared to 46.8% in 2004 (9
        months). In the parent company, margin of 50.1% and 50.8%,
        respectively, for the same comparison period.
     -- Net financial results improved from negative R$ 214 million in the 2Q
        to negative R$ 39 million in this quarter.
     -- Reduction of R$ 392 million in net debt, that remained at 1x EBITDA
        level.
     -- Net Income of R$517 million, 19% higher than the past quarter.
        Accumulated net income in 2005 was equivalent to 83% of the total
        result for the year of 2004.
 
     Conference Call
 
      Portuguese Presentation
       November 7, 2005 - Monday
       8:00 am - US ET
       Phone:(11) 2101-1490
       Code: CSN
 
      English Presentation
       November 7, 2005 - Monday
       10:00 am - US ET
       Phone: (1-973) 582-2830
       Code: CSN or 6662498
 
     Webcast
     Live Webcast on http://www.csn.com.br
 
     For further information please contact Marcos Leite Ferreira; CSN -
 Investor Relations; (5511) 3049-7591; marcos.ferreira@csn.com.br;
 http://www.csn.com.br
 
 

SOURCE CSN

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.