Vale S.A.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2007 | — | 39.8% | 35.7% |
| FY2008 | — | 38.3% | 34.3% |
| FY2009 | — | 25.3% | 22.3% |
| FY2010 | — | 45.0% | 35.8% |
| FY2011 | — | 48.3% | 36.7% |
| FY2012 | — | 18.9% | 11.3% |
| FY2015 | 19.8% | -26.6% | -51.9% |
| FY2016 | 35.8% | 25.7% | 14.5% |