Sesa Goa, a subsidiary of London Stock Exchange-listed
Vedanta Resources, has reported consolidated net profit of Rs 522 crore in the
quarter ended September 2012, including profit figure of Cairn India (wherein
Sesa Goa holds around 20 percent stake).
The company earned a foreign exchange gain of Rs 188.5 crore
in the second quarter of FY13 as against loss of Rs 129.8 crore in a year ago
period.
Consolidated net sales declined significantly to Rs 294
crore from Rs 789.7 crore during the same period.
Sesa Goa reported iron ore sales of 0.2 mt in Q2FY13 as
against 0.6 mt in the corresponding quarter of last fiscal.
Sesa Goa expects first shipment from Liberia Iron Ore Plant
from FY14.
"Cairn India's profit was Rs 464 crore in the Q2. Net
profit before associate income stood at Rs 58 crore as against Rs 1 crore
(YoY)," the company said.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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