Votorantim’s CBA reports lower earnings in Q2; resumes aluminium production

Votorantim’s CBA reported an annual drop of 39% in its earnings in the second quarter of 2016, while it also resumed aluminium production due to lower energy prices.

Adjusted earnings before interest, tax, depreciation and amortisation (Ebitda) amounted to 157 million Brazilian Reais ($49 million), from 256 million Reais the year before, the company said on Monday August 18. The business accounted for about 10% of Votorantim’s overall earnings in the three...

Published

Danielle Assalve

August 16, 2016

00:21 GMT

São Paulo