Vedanta today releases it interim report showing good revenue growth, EBITA improvement of almost 50% and a strong cash postion.
As a result Vedanta has increased their interim 2012 dividend by 5% to 21 US cents (13.09p) per share.
Financial Highlights
Revenue of US$7.5 billion, up 14%
EBITDA of US$2.6 billion, up 49%; EBITDA margin1 of 47%
Underlying EPS2 of US$0.97, up 40%
Interim dividend of 21 US cents per share, up 5%
Free cash flow of US$1.4 billion before growth capex and US$484 million after growth capex
Strong balance sheet with Cash and Liquid Investments of US$7.2 billion
Business Highlights
Group consolidation and simplification - on track for completion in CY 2012
Record production at Cairn India, driven by 35% higher output at Rajasthan block
23% increase in integrated production at Copper Zambia
Strong cost performance despite industry inflationary trends
Cairn India farm-in agreement signed with Petro SA for Block 1 in South Africa
Temporary state-wide restriction on iron ore mining in Goa
