(Reuters) - Companhia Vale do Rio Doce , which
bought Canada's nickel producer Inco last year, also said that
earnings before interest, taxes, depreciation and amortization
-- a key measure of cash flow -- jumped to 10.2
billion reais from 5.2 billion reais over the same period.
Analysts surveyed by Reuters had expected, on average, a
net profit of around 5.9 billion reais and EBITDA of 9.7
billion reais in the second quarter, with the improvements
stemming from a peak in nickel prices in May, higher iron ore
prices and sale of some assets.
Read more at Reuters.com Market News
bought Canada's nickel producer Inco last year, also said that
earnings before interest, taxes, depreciation and amortization
-- a key measure of cash flow -- jumped to 10.2
billion reais from 5.2 billion reais over the same period.
Analysts surveyed by Reuters had expected, on average, a
net profit of around 5.9 billion reais and EBITDA of 9.7
billion reais in the second quarter, with the improvements
stemming from a peak in nickel prices in May, higher iron ore
prices and sale of some assets.
Read more at Reuters.com Market News
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