Mar 3 Mai 2011 22:30
EARNINGS PREVIEW: Vedanta Fiscal Year Ebitda Seen Up 56%
First Published Tuesday, 3 May 2011 02:40 pm - © 2011 Dow Jones
Vedanta Resources (VED.LN): FY 2011
Due: May 5 0600 GMT
DJ Survey of 5 Analysts
Average FY Revenue: $10.99B, +39% ($7.93B in FY 2010)
Average FY Ebitda: $3.59B, +56% ($2.30B in FY 2010)
Average FY Profit After Tax: $2.12B, +40% ($1.51B in FY 2010)
Note: results are forecast to rise, primarily due to higher achieved prices across its commodity products, particularly iron ore, copper, aluminum and zinc. Volume growth in copper, aluminum and zinc also contribute to some of the company's profit growth. Analysts will seek an update on how Vedanta's purchase of a 70.4% stake in oil and gas explorer Cairn India (532792.BY) is proceeding. Analysts will also seek an update on the company's plans to IPO its Zambian copper business unit and on whether the company is closer to finding alternative mines in Orissa state to replace its proposed Niyamgiri bauxite mine, which was denied the necessary permits to begin development. (alex.macdonald@dowjones.com)
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