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2 years ago
Lower iron ore, oil prices hit Vedanta full-year core profit
May 14, 2015 / 6:27 AM / 2 years ago

Lower iron ore, oil prices hit Vedanta full-year core profit

May 14 (Reuters) - Vedanta Resources Plc reported a 16.7 percent drop in full-year core earnings as oil and iron prices declined.

London-listed Vedanta, which has most of its assets in India, said earnings before interest, tax, depreciation and amortisation fell to $3.74 billion from $4.49 billion a year earlier.

Revenue fell 0.5 percent to $12.88 billion. (Reporting By Mamidipudi Soumithri in Bengaluru; Editing by Robin Paxton)

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