BREAKING NEWS

BREAKING NEWS

Vedanta's quarterly core earnings rise; India copper output drops

Now Reading:

Vedanta's quarterly core earnings rise; India copper output drops

Vedanta's quarterly core earnings rise; India copper output drops
© Copyright :
DANISH SIDDIQUI(Reuters)
Text size Aa Aa

(Reuters) - Miner Vedanta Resources Plc <VED.L>, which is set to taken private by Chairman Anil Agarwal, reported on Monday a 26.3 percent rise in first-quarter core earnings on higher commodity prices.

The London-listed company's earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to $983 million, for the three months ended June 30, from $778 million (£598.69 million) a year earlier.

However, its copper production from India fell 73.3 percent in the quarter after the company closed its facility in southern India earlier this year.

(Reporting by Muvija M in Bengaluru; Editing by Amrutha Gayathri)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.