ShippingWatch

Vale's profits took a dive in the 2nd quarter

Brazilian mining giant Vale is, however, pleased with the results after six months of fluctuating revenues.

Photo: COLOURBOX

The net profits of Brazilian mining giant Vale took a dive in the 2nd quarter, declining more than 80 percent down to a total of USD 424 million, writes Lloyd's List, but according to a video presentation on its website, featuring the company's CFO, Vale seems pleased with the result. The major mining company expects Chinese demand to grow in the second half of the year.

Vale had an operational revenue of USD 11.3 billion in the second quarter 2013, and an operational profit of USD 3.6 billion.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

ECSA's new secretary general balances on a razor's edge

ECSA’s newly appointed secretary general, Sotirs Raptis, has taken up the helm of an organization criticized by its own members for being invisible. In an interview with ShippingWatch, Raptis explains how he intends to alter that image.

Further reading

Related articles

Latest news

See all jobs