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CVRD PERFORMANCE IN THE SECOND QUARTER OF 2007.
(Full text of a statement. Contact details below.)
RIO DE JANEIRO, July 31 /PRNewswire-AsiaNet/ -
A Virtuous Circle of Growth
Companhia Vale do Rio Doce's (CVRD) financial performance in the second quarter of 2007 (2Q07) continued to show several new records. The strategy of growth with diversification, anchored in rigorous discipline in capital allocation, has allowed the effective exploitation of the opportunities presented by the economic cycle, which in turn has produced the strong cash flow necessary to finance growth initiatives. The corollary of this virtuous circle of growth is a significant and increasing value creation.
The main highlights of CVRD's performance in 2Q07 were:
- Gross revenue of US$8.9 billion, 45.2 per cent more than 2Q06 and 15.9 per cent higher than the previous record of US$7.7 billion, in 1Q07. Revenue in 1H07 was US$16.6 billion as opposed to US$10.8 billion in 1H06.
- Operational profit, as measured by adjusted EBIT (earnings before interest and taxes), reached an all-time high figure of US$4.4 billion, involving an increase of 77.4 per cent over 2Q06 and exceeding the US$2.7 billion mark of the last quarter.
- COMPANHIA VALE DO RIO DOCE ANNOUNCES THIRD QUARTER RESULTS.
- News wire article from: Asia Africa Intelligence Wire November 11, 2004 700+ words
...AsiaNet/ - Companhia Vale do Rio Doce (NYSE: RIO) (CVRD...This was 101.5 per cent higher than the net earnings...Itaco, CVRD Overseas and Rio Doce International Finance. SOURCE Companhia Vale do Rio Doce CONTACT: Roberto Castello...
- PERFORMANCE OF COMPANHIA VALE DO RIO DOCE IN 2004.
- News wire article from: Asia Africa Intelligence Wire March 22, 2005 700+ words
...Year Companhia Vale do Rio Doce (NYSE: RIO) (CVRD...billion in 2004, 66.2 per cent higher than its previous...428 billion, 43.7 per cent higher than in 4Q03...million tons, 11.0 per cent higher than in 4Q03...Itaco, CVRD Overseas and Rio Doce International Finance...
- PERFORMANCE OF COMPANHIA VALE DO RIO DOCE IN 1ST QTR OF 2005.
- News wire article from: Asia Africa Intelligence Wire May 12, 2005 700+ words
...Companhia Vale do Rio Doce (NYSE: RIO) (CVRD...This was 72.3 per cent higher than the 1Q04 net...new record, 6.7 per cent higher than the EBITDA...million, or 75.5 per cent, was investment in growth...all of Companhia Vale do Rio Doce Web site: http...
- Media Release: Companhia Vale do Rio Doce.
- News wire article from: Asia Africa Intelligence Wire April 15, 2005 700+ words
...2005, Companhia Vale do Rio Doce (NYSE: RIO) (CVRD...Brazilian real and eleven cents) per outstanding preferred...SOURCE Companhia Vale do Rio Doce -0- 04/14/2005...all of Companhia Vale do Rio Doce/ /Web site: http...
- Media Release: Companhia Vale do Rio Doce S.AAAP MEDIANET COMPANHIA VALE DO RIO...
- News wire article from: Asia Africa Intelligence Wire October 15, 2005 700+ words
...Companhia Vale do Rio Doce (CVRD) informs that it...real and fifty-seven cents) per common or preferred...SOURCE Companhia Vale do Rio Doce S.A. -0- 10/14...all of Companhia Vale do Rio Doce/ /FCMN Contact: edilson...
- COMPANHIA VALE DO RIO DOCE ANNOUNCES IRON ORE PRICES FOR 2004.
- News wire article from: AsiaPulse News January 14, 2004 700+ words
...Companhia Vale do Rio Doce (NYSE: RIO) (CVRD...CJF,of US 37.90 cents per metric ton Fe...corresponding to a 18.62 per cent price increase over...settled at US 36.45 cents per metric ton Fe...Companhia Vale do Rio Doce CONTACT: In Brazil...
- Rio Doce iron ore shipments cut by 1M tons.
- News wire article from: The America's Intelligence Wire March 23, 2006 700+ words
...MROUE NEW YORK (MarketWatch) - Companhia Vale do Rio Doce said Thursday that iron-ore shipments were reduced...rail service during the first quarter. Shares of Rio Doce were up 1.4%, or 63 cents, at $44.85 in premarket Instinet trading.
- Companhia Vale do Rio Doce: Iron Ore Prices for 2003.
- Press release article from: PR Newswire May 19, 2003 700+ words
...19 /PRNewswire/ -- Companhia Vale do Rio Doce (CVRD), the world's largest iron ore...year of Carajas fines CJF, of US 31.95 cents per Fe unit, FOB Ponta da Madeira, Brazil...cvrd.com.br, all of Companhia Vale do Rio Doce.
- Zacks.com Announces That Vivian Lewis Highlights the Following Stocks:...
- Press release article from: Business Wire June 20, 2006 700+ words
...Also learn about Companhia Vale do Rio Doce (NYSE:RIO), Tenaris (NYSE...current income Companhia Vale do Rio Doce (NYSE:RIO), the world's largest...sequentially and 59% YOY at 36 cents per share after a 5:1 stock split...
- Zacks.com Announces That Vivian Lewis Highlights the Following Stocks: Banco...
- Press release article from: Business Wire June 16, 2004 700+ words
...NYSE:BLX), Companhia Vale do Rio Doce (NYSE:RIO), and Swiss Reinsurance...29.8 million for Q1 2004, or 76 cents per share, compared to net income...4 million.) Companhia Vale do Rio Doce (NYSE:RIO) profits in Q1 jumped...
Source: HighBeam Research, CVRD PERFORMANCE IN THE SECOND QUARTER OF 2007.