Vale reverses loss and profits $4.8 bn in 2020

Vale reported that reversed the loss of R$ 6.6 billion calculated in 2019 and recorded a profit of R$ 26.7 billion ($4.8 bn) last year. In the fourth quarter, the mining company recorded R$4, 825 billion ($877 mm) of profit, compared to a loss of R$ 6.408 billion ($1.16 bn) in the same period last year. The mining company’s net operating revenue totalled R$208.5 billion ($37.8 bn) in 2020, an increase of R$59.9 ($10.9 bn) billion compared to 2019.

Source: G1 Economia