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Hindustan Zinc third-quarter profit falls

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Reuters
Last Updated : Jan 21 2019 | 3:25 PM IST

(Reuters) - Hindustan Zinc Ltd posted a 3.8 percent fall in third-quarter profit on Monday, in a period marred with higher expenses.

Net profit dropped to 22.11 billion rupees ($310.3 million in the quarter ended Dec 31, from 22.98 billion rupees a year earlier, the zinc miner said.

Revenue from operations declined 6.5 percent to 55.40 billion rupees while mined metal production in the quarter rose 3 percent over last year.

Hindustan Zinc shares fell 2.4 percent in afternoon trade.

($1 = 71.2625 rupees)

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(Reporting by Chandini Monnappa and Krishna V Kurup in Bengaluru; Editing by Gopakumar Warrier)

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First Published: Jan 21 2019 | 3:15 PM IST

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