Correction to Vedanta Profitability Drops as Net Debt Rises Story
January 29 2016 - 10:11AM
Dow Jones News
Net debt rose to $7.9 billion as of Dec. 31 compared with $7.5
billion three months earlier due to continued project spending,
subsidiary-level dividend payments and a weaker Indian rupee
against the U.S. dollar. "Vedanta Profitability Drops as Net Debt
Rises -- Update," at 1340 GMT, mistated the net debt figure as $8.6
billion.
The same mistake was also made in "Vedanta Shares Rise; 3Q
Ebitda Beats Views -- Market Talk," published at 1125 GMT and
"Vedanta Resources Profitability Drops As Net Debt Rises,"
published at 0750 GMT.
(END) Dow Jones Newswires
January 29, 2016 10:56 ET (15:56 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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