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| Name | Symbol | Market | Type |
|---|---|---|---|
| Vale SA | NYSE:VALE | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.0025 | -0.02% | 12.1675 | 12.26 | 12.10 | 12.19 | 6,040,749 | 18:28:53 |
From May 2019 to May 2024
By Rogerio Jelmayer
SÃO PAULO -- Brazilian mining company Vale SA swung to a net profit in the first quarter, as the company reported gains in derivative operations, compensating for the decline of revenues in the period.
The company reported Thursday a net profit of $1.78 billion in the first quarter, compared with a net loss of $3.2 billion in the first quarter of 2015.
Vale reported a gain of $1.4 billion in its financial results, which included derivative operations, compared with a loss of $4.5 billion in the year ago period.
The company's net operating revenue was $5.7 billion in the first quarter, down from $6.24 billion in the prior period.
Its net debt ended the period at $27.6 billion, up from $24.8 billion in the first quarter a year ago.
Write to Rogerio Jelmayer at rogerio.jelmayer@wsj.com
(END) Dow Jones Newswires
April 28, 2016 06:44 ET (10:44 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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