Vale made a profit in Q4 2020
Brazilian miner and iron ore producer Vale went from a net loss of $ 1.5 billion in Q4 2019 to post a net profit of $ 739 million in Q4 2020, the company said this week while releasing its quarterly results.
Vale said net revenues in Q4 2020 was $ 14.7 billion, 48.2 percent up, year-over-year. The company also saw its adjusted EBITDA in Q4 2020 rise nearly 20 percent, year-over-year, to $ 4.24 billion.
Adjusted margin EBITDA in Q4 2020 fell to 29 percent, from 35 percent in Q4 2019.