Brazil's Vale reports Q1 net profit of $1.78 bln

jueves 28 de abril de 2016 05:10 GYT

BRASILIA, April 28 (Reuters) - Brazilian miner Vale SA reported on Thursday a first-quarter net profit of $1.78 billion, beating analyst forecasts of $1.06 billion helped by higher iron ore prices and a stronger Brazilian real.

The world's largest producer of iron ore reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $2 billion. (Reporting by Stephen Eisenhammer; editing by Jason Neely)