Sterlite profit declines 25% on lower zinc prices

Sterlite profit declines 25% on lower zinc prices

Mumbai: The country’s biggest producer of copper and zinc Sterlite Industries (India) Ltd reported a 25% decline in second quarter profit after zinc prices fell. Net income dropped to Rs959 crore in the three months ended 30 September from Rs1,280 crore a year earlier, the Mumbai-based company said on Thursday in a statement. Sales fell 8% to Rs6,085 crore.

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