CSN Posts Net Revenue of R$8.0 Billion, EBITDA of R$2.2 Billion, EBITDA Margin of 28% and Net Income of R$644 Million Without the Reclassification of Available-For-Sale Investment in the 1H12

Aug 14, 2012, 20:40 ET from CSN - Companhia Siderugica Nacional

SAO PAULO, Aug. 14, 2012 /PRNewswire/ -- CSN - Companhia Siderurgica Nacional (BM&FBOVESPA: CSNA3) (NYSE: SID) announces its results for the 2Q12:

  • Net revenue reached R$4.1 billion in 2Q12;
  • 2Q12 gross profit amounted to R$1.2 billion;
  • Adjusted EBITDA in 2Q12 totaled R$1.1 billion;
  • Adjusted EBITDA margin in 2Q12 reached 27%;
  • In 2Q12, the Company posted net loss of R$1 billion due to the accounting reclassification of available-for-sale investment, with no cash impact. Excluding the effects of this reclassification, the Company would have posted a net income of R$551 million in 2Q12.

The full Earnings Release is available on CSN's IR website at www.csn.com.br/ir.

CSN will be hosting conference calls about its 2Q12 Earnings on WEDNESDAY, August 15, 2012, at 11:00 a.m. US ET in English and 9:00 a.m. US ET in Portuguese. Connection details may be obtained on the Company's IR website.

Investor Relations David Salama Investor Relations Executive Officer Phone: +55 11 3049-7588 david.salama@csn.com.br

SOURCE CSN - Companhia Siderugica Nacional