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Hindustan zinc profit rose 15 per cent in the second quarter to 20.81 billion rupees in revenue fell 6 per cent
Oct 30,2019 17:30CST
The content below was translated by Tencent automatically for reference.

SMM10, March 30: Hindustan Zinc, a company owned by Vedanta, reported that Vedanta's net profit for the second quarter ended September 30, 2019 increased by 15% compared with the same period last year to 20.81 billion rupees. Due to low demand and low zinc prices, the company's profit before interest, tax, depreciation and amortization (EBITDA) fell 8% to 21.2 billion rupees this quarter.

Revenue for the quarter was Rs451.1m, down 6 per cent from a year earlier, mainly due to a 6 per cent fall in the price of the benchmark London Metal Exchange (LME) and lower sales of lead and silver. The rise in the amount of zinc and the price of silver has balanced this to some extent. Revenues then fell 10 per cent, mainly due to a 15 per cent drop in LME zinc prices and lower sales of lead and silver. However, rising prices of lead and silver on the London Metal Exchange and a weaker rupee made up for the decline in income. (LME) prices on the London Metal Exchange fell an average of 10 per cent, while half-year earnings fell 6 per cent, although higher sales were offset by higher silver prices and a weaker rupee.

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