Vale's (VALE +1.9%) Q1 2011 net profit jumped more than fourfold to a record $6.83B on the sale...

|About: Vale S.A. (VALE)|By:, SA News Editor

Vale's (VALE +1.9%) Q1 2011 net profit jumped more than fourfold to a record $6.83B on the sale of assets and as heightened demand from China and India lifted iron-ore prices. Net sales doubled to $13.2B, with the firm also benefiting from increased output of nickel and copper.