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Brazil’s Vale posts $4.5 billion in Q1 net profit

04/28/2022

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2022.04.28 01:22

Brazil's Vale posts $4.5 billion in Q1 net profit
FILE PHOTO: A view shows the company logo of Brazilian mining company Vale SA at its headquarters in downtown Rio de Janeiro August 20, 2014. REUTERS/Pilar Olivares

SAO PAULO (Reuters) – Brazilian miner Vale, one of the world’s largest producers of iron ore, reported on Wednesday first-quarter net profit of $4.48 billion, above the mean Refinitiv analyst forecast of $4.2 billion.

The company posted adjusted earnings before interest, taxes, depreciation, and amortization of $6.37 billion, below the $8.5 billion reported in the same quarter of 2021.

04/28/2022

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