Hindustan Zinc Oct-Dec profit shrinks despite commodity price rally

By Julian Luk / January 18, 2018 / www.metalbulletin.com / Article Link

Vedanta's Hindustan Zinc unit reported a 4% slip in net profit from October to December 2017 despite surging commodity prices.

The quarterly earnings dropped to 22.3 billion rupees ($349.5 million) on a drop in investment income, from 23.2 billion rupees a year ago, according to a regulatory filing released on Thursday January 18. The biggest zinc miner in India also said it had produced 3% less zinc year...

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