Reuters logo
BRIEF-Hindustan Zinc March-qtr profit up about 42 pct
April 20, 2017 / 10:02 AM / 7 months ago

BRIEF-Hindustan Zinc March-qtr profit up about 42 pct

April 20 (Reuters) - Hindustan Zinc Ltd:

* March quarter net profit 30.57 billion rupees

* March quarter total income 72.37 billion rupees

* Net profit in March quarter last year was 21.47 billion rupees as per Ind-AS; total income 41.98 billion rupees

* Consensus forecast for March quarter net profit was 28.52 billion rupees

* March quarter mined metal production up 66 percent y-o-y at 312 KT

* Says Q4 integrated silved production at 139 MT, up 14 percent

* Says total mine develpoment up 19 percent to 19159 metre in quarter

* Says in FY 18, mined metal production is expected to be higher from FY 2017

* Says capex on ongoing mine expansion projects, fumer and smelter de-bottlenecking will be around $350-$360 million in FY 18

* Says Rampura Agucha and Sindesar Khurd shafts on track for completion in FY 2018

* Says refined zinc-lead metal production will be around 950KT in FY18

* Says silver production in FY 2018 will be over 500 MT

* Says treasury income expected to be lower in FY 18 due to reduction in investment corpus, current softening in rates Source text: bit.ly/2oNIFOp Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below