PT Vale reports earnings before interest and taxes (`EBIT`) of US$89.1 million for 2019
(WorldNews Indonesia)

PT Vale reports earnings before interest and taxes ("EBIT") of US$89.1 million for 2019 Jakarta, February 20, 2020 - PT Vale Indonesia Tbk ("PT Vale" or the "Company", IDX Ticker: INCO) and its subsidiaries (together the "Group") today announced their audited results for 2019. The Group recorded earnings before interest and taxes ("EBIT") of US$89.1 million in 2019, driven mainly by higher nickel prices and cautious cost management. This represents an increase of 8% over EBIT in 2018. During the last two quarters of 2019, the Group also saw significant improvements in nickel production and average realized price. "We appreciate the hard...