Hindustan Zinc 1Q Net Profit Soars 68% To INR14.95 Billion

   Date:2011/07/25

NEW DELHI, July 21 -- Hindustan Zinc Ltd. (500188.BY) Thursday reported a 68% jump in net profit for the first quarter, driven by higher metal prices and an increase in output.

The unit of Vedanta Resources PLC (VED.LN) said net profit for the April-June period rose to INR14.95 billion from INR8.91 billion a year earlier. Sales surged 45% to INR28.21 billion from INR19.51 billion.

The company posted a 17% increase in refined zinc output to 193,000 tons, while refined lead output grew 6% to 16,000 tons.

 

Source:smm

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