Tuesday, 25 Jan 2011
India’s biggest iron ore exporter Sesa Goa Ltd posted a 29% gain in third quarter profit aided by higher prices of the steelmaking raw material.
Sesa Goa group net income rose to INR 10.7 billion (USD 234 million) in the three months ended December 31 from INR 8.28 billion a year earlier. The average profit estimate of 12 analyst surveyed by Bloomberg was INR 10.4 billion. Sales climbed 22% to INR 25 billion.
Total income increased by 21.57% to stand at INR 23,768.20 million for the quarter ended December 31st 2010 where as the same was at INR 19,551.30 million for the quarter ended December 31st 2009. ( sourced:Bloomberg)
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