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Vedanta's quarterly core earnings rise; India copper output drops

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Reuters
Last Updated : Aug 06 2018 | 12:45 PM IST

(Reuters) - Miner Vedanta Resources Plc, which is set to be taken private by Chairman Anil Agarwal, reported on Monday a 26.3 percent rise in first-quarter core earnings on higher commodity prices.

The London-listed company's earnings before interest, taxes, depreciation and amortization (EBITDA) rose to $983 million, for the three months ended June 30, from $778 million a year earlier.

However, its copper production from India fell 73.3 percent in the quarter after the company closed its facility in southern India earlier this year.

(Reporting by Muvija M in Bengaluru; Editing by Amrutha Gayathri)

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First Published: Aug 06 2018 | 12:35 PM IST

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