SALVADOR, Brazil, Aug. 7, 2015 /PRNewswire/ -- CIA DE FERRO LIGAS DA BAHIA - FERBASA (BM&FBovespa: FESA3 and FESA4), the largest manufacturer of ferroalloys in Brazil, and the only integrated producer chrome iron in the Americas, engaged in mining, reforestation and metallurgy activities, is announcing its results today for 2Q15.
Highlights of 2nd quarter of 2015:
Production: 153,000 tons of alloys
Record production with 88% use of installed capacity
Sales Volume: 104,000 tons of alloys
More selective sales following a strategy of stockpiling alloys
Net Revenues: R$ 461 million
Exchange offsetting lower volumes and lower prices in dollars
Adjusted EBITDA: R$ 148 million
56% increase in relation to the first six months of 2014, at an average exchange rate of R$ 2.90 (+26%)
Cash and Applications: R$ 250 million
Applications indexed to the CDI yield a higher return in periods of a high SELIC rate.
CAPEX: R$ 32 million
Chiefly seeking gains in productivity
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August 10, 2015 (Monday)
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SOURCE FERBASA - Companhia de Ferro Ligas da Bahia