Companhia Vale Do Rio Doce (RIO) Message Board

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Gold/Mining/Energy : Companhia Vale Do Rio Doce (RIO)

VALE 11.90

+0.5%

Oct 30 3:59 PM EDT

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From: JakeStraw	2/25/2011 11:52:37 AM
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Brazil mining company Vale reports record annual profit on strong iron ore demand, high prices finance.yahoo.com Vale says net profit for all of last year was $17.3 billion. That's up from $5.3 billion in 2009, when the global financial crisis sharply cut demand. Revenue for the fourth-quarter was $15.2 billion -- up from $6.5 billion a year earlier. Vale says annual revenue in 2010 hit a record of $46.5 billion. A year earlier that figure was $23.9 billion.

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