Indian state-owned miner National Mineral Development Corporation (NMDC) has announced its financial results for the first quarter ended on June 30 of the financial year 2012-13.
In the first quarter, NMDC's net profit increased by 5.83 percent to INR 19.06 billion ($342.5 million) compared to the same quarter of the previous financial year. Sales revenues in the first quarter amounted to INR 28.4 billion ($510.4 million), up 2.08 percent year on year.
In the given quarter, NMDC produced 6.07 million mt of iron ore, up 12 percent year on year, while the company's iron ore sales amounted to 6.85 million mt, remaining flat compared to the corresponding quarter of the previous financial year.