Business Daily from THE HINDU group of publications
Tuesday, January 29, 2008
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Business Daily from THE HINDU group of publications Tuesday, January 29, 2008 |
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News Update as at 18.00 hrs (IST)
Corporate Results Sterlite third quarter profit drops 34% on lower smelting fees MUMBAI: Sterlite Industries (India) Ltd., the nation's largest non-ferrous metals producer, said third-quarter profit declined 34 per cent because revenue from smelting copper metal fell and zinc prices dropped. Net income was Rs 855 crore ($217 million) in the three months ended December 31, from Rs 1,290 crore a year ago, the Mumbai-based company said today in a statement.
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