SALVADOR, Brazil, March 4, 2016 /PRNewswire/ -- A CIA DE FERRO LIGAS DA BAHIA - FERBASA (BM&FBovespa: FESA3 and FESA4), the largest producer of ferroalloys in Brazil and the only integrated ferrochrome producer in the Americas, operating in the mining, reforestation and metallurgy areas, discloses today its results for the fourth quarter of 2015 (4Q15).
Production: 262,000 tonnes of alloys, with installed capacity use of 75.4%.
Net Revenue: R$936.2 million, with the exchange variation offsetting reduced volume and lower prices in dollars.
Adjusted EBITDA: R$250.3 million, 83.6% up on 4Q14, with an average exchange rate of US$/R$3.27 (+40.3%)
Cash and Cash Equivalents: R$120.2 million in financial investments indexed to the CDI interbank rate, taking advantage of healthier returns in periods when the benchmark SELIC rate is higher.
Net Income: R$173.7 million, generated in a highly competitive scenario
Interest on Equity: We resolved to pay R$75.4 million in interest on equity related to 2015, representing a payout of 53% and a dividend yield of 12%.
Conference Call in Portuguese
March 7, 2016 (Monday)
1:30 p.m. (Salvador time)
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SOURCE FERBASA - Companhia de Ferro Ligas da Bahia