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Vedanta's quarterly core earnings rise about 48 percent

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Vedanta's quarterly core earnings rise about 48 percent

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(Reuters) – Diversified miner Vedanta Resources <VED.L> said its quarterly core earnings jumped about 48 percent as zinc production at its Indian unit nearly doubled. The company, which mines zinc in the western Indian state of Rajasthan, said earnings before interest, tax, depreciation and amortisation rose to $777.8 million (606.90 million pounds) in the first quarter ended June 30, from $527.1 million a year earlier. The company said revenue rose 32 percent to $3.08 billion.

(Reporting by Sanjeeban Sarkar in Bengaluru; Editing by Amrutha Gayathri)
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