Magnesita reports losses for 2008
Published: Friday, 03 April 2009
Brazilian magnesite & refractories producer increases revenue but has overall net loss
Brazilian magnesite and refractory producer, Magnesita SA,
reported a net loss of R$136.2m. ($61m.) in Q4 2008 due
to a contraction in sales brought on by the global financial
crisis compared to a net income of R$18.7m. (US$8.4m.)
in Q4 2007.