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Mining group Vedanta Ltd posts fourth-quarter profit helped by higher revenue

Reuters 

REUTERS - Vedanta Ltd , the Indian unit of diversified energy group Vedanta Resources PLC , reported a consolidated quarterly profit, as revenue surged, driven by improved commodity prices and higher zinc volumes.Consolidated net profit stood at 29.88 billion rupees ($466.09 million) in the fourth quarter ended March 31, compared with a loss of 211.04 billion rupees a year earlier, the metals and mining group said on Monday. (http://bit.ly/2rh8ncs)Analysts on average expected Vedanta, which recently completed the buyout of Cairn India Ltd , to post a profit of 26.67 billion rupees, according ...

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First Published: Mon, May 15 2017. 16:44 IST
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