Breaking News, World News and Taiwan News.

Vale first quarter earnings drop 19% on-year amid seasonal, pricing issues

RIO DE JANEIRO--Brazilian mining giant Vale Wednesday announced first quarter earnings had dropped 19 percent compared to the same period last year.

It said it had earnings of US$2.5 billion, down from US$3.1 billion last year.

However, the results marked a comeback from the fourth quarter of 2013, when the company posted a US$6.45 billion loss.

Its earnings dropped 89 percent in 2013.

Vale said, “We have seen progress across all our business segments, despite the seasonal effects of the beginning of the year and the more challenging pricing environment.”

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   Terms of Use  |   Sitemap
  chinapost search