Vale Indonesia's Net Profit Soars More Than 100%

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Reza Pahlevi 12/05/2022 11:20 WIB

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Nickel mining company PT Vale Indonesia Tbk recorded revenue of US$235.08 million with a net profit of US$67.6 million in Q1 2022.

Vale Indonesia's Revenue and Net Profit (Q1 2021 vs Q1 2022)

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Vale Indonesia's Net Profit Soars More Than 100%

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Vale Indonesia's Revenue and Net Profit (Q1 2021 vs Q1 2022)

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Nickel mining company PT Vale Indonesia Tbk recorded revenue of US$235.08 million with a net profit of US$67.6 million in Q1 2022.

The net profit of this INCO-coded issuer increased by more than 100% year-on-year (YoY).

This surge in performance was driven by high nickel prices. The company recorded an average price of US$17,432 per ton in Q1 2022, up 13% from US$15,372 per ton in Q4 2021.

This price surge also led to a 13.8% increase in revenue from US$206.6 million in Q1 2021. This revenue increase was achieved despite a 9.02% YoY decrease in production.

Throughout Q1, the company's EBITDA was recorded at US$116.2 million. Vale also spent US$42.3 million on capital expenditure.

Editor : Annissa Mutia

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Vale Indonesia's Net Profit Soars More Than 100%

Vale Indonesia's Net Profit Soars More Than 100%

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Vale Indonesia's Net Profit Soars More Than 100%

Vale Indonesia's Net Profit Soars More Than 100%

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Average Length of Schooling in Bekasi City Reaches 12.11 Years in 2025

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