Sterlite Industries 3Q Consolidated Net Profit Falls 17% To INR9.14 Billion
23 January 2012 - 9:37PM
Dow Jones News
Sterlite Industries Ltd. (500900.BY) Monday posted a 17% drop in
consolidated net profit for the third quarter because of higher
costs and a foreign-exchange loss of INR2.59 billion.
Net profit for the October-December period fell to INR9.14
billion from INR11.01 billion a year earlier, the Vedanta Resources
PLC (VED.LN) unit said. Sales rose 23.5% to INR102.46 billion.
Sterlite's results include those of units Hindustan Zinc Ltd.
and unlisted Vedanta Aluminium Ltd.
- By Prasenjit Bhattacharya, Dow Jones Newswires;
91-11-4356-3358; prasenjit.bhattacharya@dowjones.com
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