SAO PAULO, April 26 Usinas Siderúrgicas de Minas
Gerais SA, Brazil's third-largest steelmaker by
revenue, posted a net loss for the first quarter, its fifth
consecutive quarterly shortfall, as financial and operating
expenses unexpectedly jumped.
The company, known as Usiminas, lost 122.7 million reais
($61.4 million) in the quarter, compared with losses of 323.8
million reais in the prior three months and 70.8 million reais a
year earlier, according to a securities filing on Friday.
Two of seven analysts in a Thomson Reuters poll this week
forecast quarterly profit for Usiminas between 89 million reais
and 155 million reais in the quarter. The other five analysts
expected an average shortfall of 47 million reais.