0

0

0

0

0

0

0

0

0

This article is more than 3 year old.

Hindustan Zinc March-quarter profit falls 18%

Mini

India’s Hindustan Zinc Ltd, a unit of Vedanta Ltd, on Monday posted an 18% fall in fourth-quarter net profit, hurt by lower zinc sales.

Hindustan Zinc March-quarter profit falls 18%
India’s Hindustan Zinc Ltd, a unit of Vedanta Ltd, on Monday posted an 18% fall in fourth-quarter net profit, hurt by lower zinc sales.
Net profit fell to 25.05 billion rupees ($377.46 million) in the quarter ended March 31 from 30.57 billion rupees a year earlier, the zinc miner said in a statement on Monday.
Total income slipped 6.5% to 67.63 billion rupees, while revenue from its biggest segment zinc fell 11% to 45.64 billion rupees.
Mined metal production in the quarter was 18% lower to 255 kilotonnes year-on-year, hurt by a decline in overall ore grades due to transition from open cast to underground mining, the company said.
next story