Brazil's Votorantim posts $597 mln Q1 loss, hit by Nexa mine
May 21, 2020 at 08:30 AM EDT
Votorantim SA, one of Brazil's biggest diversified holding companies, posted a first-quarter net loss of 3.4 billion reais ($597 million), reversing a 4.4 billion real profit from a year earlier, as a weaker currency boosted debt servicing costs.