Vale beats forecasts with Q2 profit of $1.7 bln

jueves 30 de julio de 2015 05:20 GYT

RIO DE JANEIRO, July 30 (Reuters) - Brazilian miner Vale SA posted second-quarter net profit of $1.68 billion on Thursday bolstered by a recovery in iron ore prices during the period and the weakening real.

The quarterly profit was its first in a year and 17.3 percent higher than the same period last year. (Reporting by Stephen Eisenhammer and Jeb Blount; editing by David Clarke)