Vedanta Resources PLC (VED.L) reported pretax profit for the year ended 31 March 2013 of $1.71 billion compared to $1.75 billion last year. Profit to equity holders of the parent was $157.4 million or 56.7 cents per share, compared to $59.8 million or 21.6 cents per share last year.
Vedanta said the increase in attributable profit was due to changes in profit mix. Improved attributable profit from Cairn India's first full year of operation, lower losses in VAL improved the attributable profit of the company.
Underlying attributable profit was $363.3 million compared to $387.2 million last year. Earnings per share on underlying profit was 133.1 cents, compared to 142.0 cents prior year.
Revenue increased to $14.99 billion from $14.01 billion last year.
Vedanta Resources also announced a final dividend of 37 cents per ordinary share in respect of the twelve months ended 31 March 2013. The dividend will be paid out in US dollars on 8 August 2013 to the shareholders on the Register of Members on 12 July 2013, the company said.
For comments and feedback: editorial@rttnews.com