Nexa Resources SA (NEXA) has released an update.
Nexa Resources S.A. reported a significant improvement in its financial performance for the third quarter of 2024, with net revenues increasing to $709.5 million compared to $649.3 million in the same period last year. The company achieved a gross profit of $126.6 million, more than doubling from the previous year, reflecting better cost management and increased sales. Despite a net income of $5.98 million for the quarter, the company experienced a net loss of $76.01 million for the nine-month period, highlighting ongoing challenges in the broader financial landscape.
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