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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 | |
---|---|---|---|---|---|---|---|---|
0.09 | 0.72% | 12.61 | 12.67 | 12.45 | 12.65 | 23,144,400 | 00:30:38 |
By Paul Kiernan
RIO DE JANEIRO--Brazilian mining giant Vale SA reported a net loss in 2014 as iron-ore prices fell by nearly half, the local currency weakened and impairment charges continued to haunt the company.
Vale, the world's largest iron-ore producer, reported a fourth-quarter loss of $1.85 billion, compared with a loss of $6.45 billion in the last three months of 2013.
Earnings before interest, taxes, depreciation and amortization, or Ebitda, tumbled by two-thirds from the fourth quarter a year earlier to $2.19 billion.
Vale's sales fell 31% on the year to $9.07 billion.
Write to Paul Kiernan at paul.kiernan@wsj.com
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