Vale S.A. Posts Loss In 2015 - Quick Facts

(RTTNews) - Vale S.A. (VALE) reported a net loss attributable to stockholders of $12.1 billion in fiscal 2015 compared to net income of $657 million, a year ago. Loss per share was $2.35 compared to profit of $0.13. The company said the decrease in earnings was mostly driven by higher impairment charges recorded in 2015, and the effect on financial results of the 47% end to end depreciation of the BRL against the US dollar in 2015. Underlying loss per share was $0.33 compared to profit of $0.86.

Adjusted EBITDA was $7.08 billion in 2015, 47% lower than in 2014 mainly as a result of lower sales prices.

Gross operating revenues were $26.05 billion, 31.8% lower than the $38.24 billion in 2014.