Vale S.A.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2010 | — | 45.0% | 35.8% |
| FY2011 | — | 48.3% | 36.7% |
| FY2012 | — | 18.9% | 11.3% |
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2010 | — | 45.0% | 35.8% |
| FY2011 | — | 48.3% | 36.7% |
| FY2012 | — | 18.9% | 11.3% |