Vale has net income of US$ 3.72 billion in the 4th quarter of 2022

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The result represents a drop of 30.4% in relation to the same period of the previous year. Vale logo at the company’s headquarters in Rio de Janeiro Ricardo Moraes/Reuters The mining company Vale reported this Thursday (16) that it recorded net income of US$ 3.724 billion in the fourth quarter of 2022, a drop of 30.4% compared to the same period of the previous year, when it reached a gain of US$ 5.352 billion. In 2022, total net income attributable to shareholders reached US$ 16.728 billion, 32% below the US$ 24.736 billion recorded in 2021. The adjusted Ebitda (earnings before interest, taxes, depreciation and amortization) of the mine was US$ 5.001 billion in the fourth quarter, an amount 27% lower than that calculated in the last three months of 2021, of US$ 6.857 billion. In a letter to shareholders, Vale’s president, Eduardo Bartolomeo, described 2022 as a year “marked by issues with global impacts, such as the war in Ukraine and the challenging economic situation in the United States, in addition to the consequences of Covid-19 in China”. . “Despite the challenging and volatile scenario, we built a solid result and returned value to our stakeholders”, wrote Bartolomeo.

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