(Adds more information from filing)

SAO PAULO, Feb 9 (Reuters) - Brazilian steelmaker Usiminas on Friday reported a fourth quarter net profit of 975 million reais ($195.58 million)reversing the negative results of the previous three months and a year earlier, according to a securities filing.

The result was driven in part by "greater recoverability of tax losses amounting to 495 million reais", about $99 million, according to the statement.

The company said in the first quarter it expects steel sales volume and net revenue per ton to be stable compared to the last three months of 2023. It also expects a reduction in costs in the steel production division, especially over the first half.

The flat steel producer had adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of 625 million reais in the fourth quarter of 2023, up 8% from a year earlier.

Net revenue totaled 6.78 billion reais compared to analysts' forecast of 6.3 billion reais, according to data from LSEG.

Usiminas reported steel sales of 1 million tons in the fourth quarter, 5% more than a year earlier and 3% more than in the third quarter of 2023. Iron ore sales totaled 2.38 million tons, down 1% year-on-year and stable quarter-on-quarter. ($1 = 4.9851 reais) (Reporting by Alberto Alerigi Jr; writing by Steven Grattan; editing by Jason Neely and Ros Russell)