This Article is From Jul 30, 2014

Vedanta First-Quarter Core Earnings Rise Marginally

Vedanta First-Quarter Core Earnings Rise Marginally

Diversified miner Vedanta Resources Plc ground out a marginal increase in quarterly core earnings as its oil and gas and aluminium businesses offset a decline in its zinc and Zambian copper businesses.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose to $1.04 billion for the quarter ended June 30 from $1.03 billion a year earlier.

Revenue increased 7 per cent to $3.06 billion.

Coprights: Thomson Reuters 2014