Paranapanema’s earnings fall 94% in Q2

Brazilian copper producer Paranapanema’s earnings fell 94% year-on-year in the second quarter of 2015, hit by weak economic climate and devaluation of local currency.

Adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) totalled 4.43 million Brazilian Reais ($1.3 million) from April to June 2015, against 72.74 million Reais a year earlier. Paranapanema’s net result revealed a loss of 108.14 million Reais in the second quarter of 2015, against a loss of 72.12 million Reais in the same period of 2014. Sales volume...

Published

Danielle Assalve

August 04, 2015

05:18 GMT

São Paulo

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