Vedanta Resources Group’s operating profit almost doubled to $882.3 million for the quarter ended December, while revenue rose 26 per cent to $3.06 billion on the back of higher production volumes, mainly zinc.
The metal and mining conglomerate had clocked revenue of $2.45 billion and had recorded an EBIDTA of $493.6 million in the third quarter of financial year 2015-16.
The groupÂ’s revenue and EBITDA were up significantly Â“reflecting benefits of higher commodity prices and production volumesÂ” while gross debt was lower by $300 million in the third quarter, Vedanta Resources said in a statement.
Leave a Reply
You must be logged in to post a comment.