February 13, 2008 / 12:47 PM / 10 years ago

Gerdau Ameristeel 4th-quarter net doubles

SAO PAULO, Feb 13 (Reuters) - Gerdau Ameristeel GNA.TO, the North American unit of Brazilian steel maker Gerdau (GGBR4.SA), said on Wednesday fourth-quarter earnings doubled.

Net profit rose to $141.1 million from $66.7 million a year earlier.

Earnings before interest, taxes, depreciation and amortization (EBITDA) jumped to $313.8 million from $145.1 million.

Total 2007 net was $537.9 million, up from $374.6 million in 2006.

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