Investment in Brazil to rise on record mining profits?
Date added: 28th October, 2010 at 09:10
(view all articles from October, 2010)
Categories: Natural Resources
People considering investment in Brazil may be encouraged to hear that one of the country's mining companies has released its best ever financial report.
Vale posted record net earnings, cash generation, gross revenue and operational income and margin in the third quarter of 2010.
The firm also invested as much as $3.1 billion (£1.9 billion) between July and September, $2.2 billion of which was spent on organic growth.
Operating revenue grew 46 per cent compared with the previous three months to $14.5 billion.
Meanwhile, operational margin and operating income, as measured by adjusted earnings before interest and taxes, rose 47.9 per cent and 69.2 per cent respectively.
Net earnings were 63 per cent up on the previous quarter at $6 billion, while the capital returned to shareholders also hit an all time high.
Vale is the second largest mining company in the world, based in Brazil but operating in over 35 different nations.
For anyone wishing to invest in the full potential of Brazil, Property Bond Brazil has an excellent array of opportunities for investment in Brazil. 
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