Companhia Vale do Rio Doce Third Quarter Earnings Call
15th January 2008 00:00 AM |
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| Operational profit, as measured by adjusted EBIT, of US$ 3.4 billion, was 7.8% above a year ago. |
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| Companhia Vale do Rio Doce showed a good performance in the third quarter amidst a scenario of strengthening Brazilian and Canadian currencies vis-a-vis the U.S. dollar, which has had a negative impact on costs, and more moderate nickel prices, not contributing as strongly to revenue growth. All-time high iron ore and pellet shipments, totaled 78.5 million metric tons. Gross revenue was US$8.1 billion, the highest ever for a third quarter and 9.9% higher than a year ago. |
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Companhia Vale do Rio Doce First Quarter Earnings Call
10th May 2007 00:00 AM |
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| The net earnings reached $2.217 billion or 92 cents per share, the best quarterly result ever for the company. |
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| Companhia Vale do Rio Doce reported gross revenue of record $7.680 billion, up 63.4% over prior year when the firm obtained revenue of $4.701 billion. Asia maintains its position as the firm’s primary sales destination and revenue from sales to Asian countries doubled from $1.736 billion to $3.330 billion. In the first quarter of 2007, cash generation reached $3.184 billion, a new quarterly record, with growth of 58.4% in relation to the $2.010 billion in prior year. |
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