Vale SA (VALE) has released an update.
Vale S.A., a major player in the mining industry, has reported a decrease in net income from $1,878 million in the first quarter of 2023 to $1,687 million in the same period of 2024, despite a slight increase in net operating revenue. The company’s interim financial statements, reviewed by PricewaterhouseCoopers Auditores Independentes Ltda., were found to be in conformity with IAS 34 – Interim Financial Reporting. These financial results reflect the challenges and performances of Vale S.A. during the early months of 2024.
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