Nexa Resources Faces Deepening Net Losses
Company Announcements

Nexa Resources Faces Deepening Net Losses

Nexa Resources SA (NEXA) has released an update.

Nexa Resources S.A. reports a net loss in their condensed consolidated interim financial statements for both the three-month and six-month periods ended June 30, 2024, with losses increasing compared to the previous year. Despite an increase in net revenues, the company faced higher costs of sales, operating expenses, and significant impairment losses on long-lived assets. The financial results reflect challenges for the company and are a critical indicator for investors monitoring Nexa’s financial health.

For further insights into NEXA stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyNexa Resources price target lowered to $5.75 from $6 at Scotiabank
TipRanks Auto-Generated NewsdeskNexa Resources Reports Solid Q3 2024 Earnings
TipRanks Auto-Generated NewsdeskNexa Resources SA Achieves Strong Q3 2024 Results
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App