Sterlite Industries has announced its third quarter results of FY10. The company's consolidated net sales increased 50.2% to Rs 6,677 crore versus Rs 4,445.5 crore, on year-on-year basis (YoY).
Consolidated net profit shot up 42.36% to Rs 731.3 crore versus Rs 513.7 crore (YoY).
The numbers included Rs 274 crore Asarco agreement termination cost.
Sterlite Says:
-BALCO I operations were shut down; power was sold
-BALCO II functioned at higher than expected capacity
-Recorded highest ever QoQ zinc production at 1.99 lakh tonne
-See better trends in Sulphur and Sulphuric acid prices
Source: Moneycontrol.comCourtesy moneycontrol.com
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