PPT Slide
Highlights of the 2nd Quarter 2000
- Higher domestic market sales in 1H2000:
- 21.6% higher total volumes than 1H99, reaching 75% of direct sales
- 32.5% higher net revenues than 1H99, reaching 81% of net revenues
- EBITDA totaled R$609.5 million in the first half - 18% higher than the first half of 1999.
- EBITDA / Net revenue margin in 2Q00 reached 40.2%
- US Commercial Paper Issue - 4th Program
- From an initial offer of US$200 million, CSN issued US$250 million through the whole subsidiary CSN Overseas. CSN has raised US$ 1 billion through that kind of program
- In July 2000, CSN issued US$250 million in 2-year Notes yielding 9 7/8%, through wholly-owned subsidiary CSN Islands Corp.
- Collective Bargain Agreement
- In May, CSN signed an agreement with the employees, establishing the payment of a one-time bonus and a salary raise of 2%