Vale's Q2 earnings up 16% by year, down 37% from Q1 on lower iron ore prices

Vale’s earnings increased by 16.17% year-on-year in the second quarter of 2017, due to improved performance from its ferrous, coal and base metals divisions, the Brazilian miner said on Thursday July 27.

The company’s adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) amounted to $2.73 billion, against $2.35 billion in the corresponding quarter a year before.
But compared with January-March 2017, second-quarter adjusted Ebitda declined by 36.74% from $4.31 billion.

This quarter-on-quarter fall was mostly a...

Published

Ana Paula Camargo

July 27, 2017

15:21 GMT

São Paulo