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Bloomberg reports that Novelis (BOM:500440) reports quarterly profit surged 24 percent.
Bloomberg reports that Novelis (BOM:500440) reports quarterly profit surged 24 percent.
The market news is quoted as saying:
Novelis, a subsidiary of India’s HindalCo Industries Ltd (HALC.BO: Quote), said sales rose 23 percent to $3.1 billion, while earnings before interest, taxes, depreciation and amortization (EBITDA) climbed 16 percent to $306 million. It cited higher shipments and prices.
