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Regions :: South America :: Brazil

Vale's fertilizer revenue down 18%

8:03 AM MDT | July 31, 2014 | Francinia Protti-Alvarez

Vale's (Rio de Janeiro) gross operating revenue from its fertilizer operations totaled $661 million in the second quarter, down about 18% year-on-year (YOY), and net revenue amounted to $614 million, more than 19% lower YOY. Adjusted Ebitda increased to $72 million in the second quarter, more than doubling from $33 million in the same quarter of last year, mostly due to the positive impact of higher sales prices. Vale's fertilizer business accounts for 6.5% of the company's total revenue, which stood at $10.1 billion in the second quarter. The fertilizer market...

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