02
Mar
09:49
Vale Indonesia doubles profit in 2021
PT Vale Indonesia Tbk has achieved an annual net profit of $165.8 million last year, which doubled year-on-year, Kallanish notes.
Total revenue and Ebitda meanwhile stood at $953.2m and $391.9m, up 24.65% and 43.55% from one year earlier respectively.
The strong improvement of Vale Indonesia’s financial performance was due to the higher nickel price and strong cost discipline, according to ceo Febriany Eddy.
In the reporting year, the company produced 65,3…
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Very good overview of the weekly steel market.
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