REUTERS - Diversified miner Vedanta Resources' said its half-year profit rose 37.4 percent, helped by higher commodity prices and production.
Vedanta said on Friday that earnings before interest, tax, depreciation and amortization rose to $1.69 billion in the six months ended Sept. 30, from $1.23 billion, a year ago.
The company, which mines zinc in India, South Africa and Namibia, reported a near 80 percent jump in operating profit from its zinc business, helped by a 42.1 percent jump in total zinc content mined in India. Zinc prices rose on average by more than 33 percent in the six months to Sept. 30.
(Reporting by Arathy S Nair in Bengaluru; Editing by Susan Fenton)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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