SAO PAULO SP, Brazil (AP) — SAO PAULO SP, Brazil (AP) — Gerdau SA (GGB) on Monday reported a loss of $239.6 million in its fourth quarter.

On a per-share basis, the Sao Paulo Sp, Brazil-based company said it had a loss of 12 cents. Earnings, adjusted for non-recurring costs, came to 7 cents per share.

The steel producer posted revenue of $3.14 billion in the period.

For the year, the company reported profit of $254 million, or 12 cents per share. Revenue was reported as $12.51 billion.

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