Vedanta Resources FY profit surges on strong commodity prices

By Reuters / May 24, 2017 / in.investing.com / Article Link

May 24 (Reuters) - Mining and energy group Vedanta Resources Plc VED.L said its full-year core profit surged 36.6 percent, driven by firmer commodity prices.

The company said earnings before interest, tax, depreciation and amortisation rose to $3.19 billion for the year ended March 31 from $2.34 billion last year. which produces iron ore, copper, aluminium, zinc and oil, said revenue rose 7.3 percent to $11.52 billion, above analysts' average estimate of $11.45 billion, according to Thomson Reuters I/B/E/S.

Recent News

Uranium volatility after Russia's US export restrictions

November 25, 2024 / www.canadianminingreport.com

Gold stocks rebound on metal bounce and equity rise

November 25, 2024 / www.canadianminingreport.com

Crypto market size continues to catch up with gold

November 18, 2024 / www.canadianminingreport.com

Crypto stealing some of gold's thunder

November 18, 2024 / www.canadianminingreport.com

Gold stocks drop on metal price decline

November 11, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok