Information  X 
Enter a valid email address

Vedantar Resources first-quarter earnings up 26% as output rises

By BFN News | 09:30 AM | Monday 06 August, 2018


Vedantar Resources said it boosted its earnings in the first quarter by 26%, owing to higher production volumes and commodity prices. Ebitda for the three months through June rose to $983m, with a 'robust' margin of 33%, the company said. Average oil and gas production rose 4% to 195k barrels of oil equivalent per day, while zinc production in India rose 7% to at 212k tonnes. The company said aluminium rose 37% to a record 482k tonnes, while copper production in Zambia rose 15% to 23k tonnes. At 9:30am: (LON:VED) Vedanta Resources PLC share price was -5.4p at 819.6p Story provided by StockMarketWire.com

a d v e r t i s e m e n t