Vedanta net up after jump in copper price

Vedanta net up after jump in copper price

Mumbai: Vedanta Resources Plc., the largest copper producer in India, said its fiscal third quarter profit surged after prices of the metal jumped.

Earnings before interest, tax, depreciation and amortization rose to $662.5 million (Rs3,067 crore) in the three months ended 31 December from $10.1 million a year earlier, the company said in a statement on Wednesday. Sales expanded 64% to $2.15 billion.

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