Brazil’s Vale posts $4.5 billion in Q1 net profit


SAO PAULO (Reuters) – Brazilian miner Vale, one of the world’s largest producers of iron ore, reported on Wednesday first-quarter net profit of $4.48 billion, above the mean Refinitiv analyst forecast of $4.2 billion.

The company posted adjusted earnings before interest, taxes, depreciation, and amortization of $6.37 billion, below the $8.5 billion reported in the same quarter of 2021.

(Reporting by Peter Frontini; Editing by Leslie Adler)

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