You are here: Home > Steel News > Latest Steel News > Vale’s...

Vale’s net profit down by 17.8% in Q1 from Q4

Monday, 02 May 2022 11:44:19 (GMT+3)   |   Istanbul
       

Brazilian miner and iron ore producer Vale has announced its financial results for the first quarter of 2022.

The company’s net profit in the first quarter decreased by 19.6 percent year on year and was down by 17.8 percent quarter on quarter to $4.45 billion.

In the first quarter, Vale’s net revenues totaled $10.8 billion, decreasing by 17.5 percent quarter on quarter and down by 13.6 percent year on year, while its adjusted EBITDA in the given quarter was $6.5 billion, down by 5.7 percent quarter on quarter and falling by 22.6 percent year on year.


Similar articles

Samarco returns to net profit in Q1

28 May | Steel News

Net profit declines at Vale in 2023

23 Feb | Steel News

Net profit increases sharply at Vale in Q3

27 Oct | Steel News

Vale’s net profit declines sharply in Q2 2023

28 Jul | Steel News

Net profit declines sharply at Vale in Q1

27 Apr | Steel News

Vale’s net profit increases in Q3 2022

28 Oct | Steel News

Vale’s net profit declines in the second quarter

29 Jul | Steel News

Vale’s New Steel reports net loss for full-year 2021

11 Apr | Steel News

Vale’s net profit spikes to $5.4 billion in Q4 2021

25 Feb | Steel News

Vale sees net profit rise 33.6 percent in Q3

01 Nov | Steel News