Vedanta Resources, the London-listed commodity producer controlled by Indian tycoon Anil Agarwal, reported a 39% jump in revenues in its first half, thanks to higher volumes and rising prices.
Industrial metal prices have risen this year - particularly strongly in recent months - as global growth has increased demand forecasts for many raw materials.
Vedanta controls several interests in the commodities markets, including production of iron ore, aluminium, copper and zinc.
- Revenue up 39% to $6.8bn
- Earnings before interest, tax, depreciation and amortisation up 37% to $1.7bn
- Free cash flow after growth capex of $232m
- Gross debt of $15.1bn, a reduction of $3.1bn during the period
- Underlying earnings of 9.5 cents per share.
Anil Agarwal, chairman, said: "Our performance in the half year underlines that Vedanta's consistent strategy is delivering results.