RIO DE JANEIRO – Brazil's Vale SA, the world's largest iron ore producer, posted a rise in second-quarter net income, results showed on Wednesday.
The miner said profit in the second quarter rose to 306-million reais ($82.96-million) from 60-million reais in the same period a year earlier. However, the figure was well below the 5.112-billion reais in profit notched in the first three months of 2018.
Revenue reached 31.234-billion reais in the period, above the 23.363-billion reais notched in the second quarter of 2017.