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LatinNews Daily - 25 April 2025
In brief: Brazil’s Vale posts year-on-year drop in net profit
*Brazilian mining company Vale has released its financial results for the first quarter of 2025, which showed a net profit of US$1.39bn, down 17% from the profit of US$1.68bn registered in the same quarter last year. However, this latest figure contrasts with the quarterly net loss of US$694m registered in Q4 2024. Vale’s quarterly sales revenue in Q1 this year totalled U$8.12bn, down 20% from the previous quarter and down 4% from the same quarter last year. The company’s total costs and expenses (excluding payments relating to dam disasters) came to US$5.8bn in Q1, down 20% from Q4 and down 2% from Q1 2024.
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