Vedanta increases its 2015 interim dividend by 4.5% in $ terms

DividendMax Ltd.

Vedanta increases its 2015 interim dividend by 4.5% in $ terms

Financial Highlights

Revenue of US$6.5 billion, up 6% from H1 FY 2014

EBITDA of US$2.1 billion, marginally lower than H1 FY 2014

Adjusted EBITDA margin remains robust at 43% (H1 FY 2014 : 45%)

Basic Earnings Per Share (EPS) of (4.7) cents, underlying Earnings Per Share of 9.4 US cents down primarily due to normalised tax rates

Free cash flow before growth capex of US$1.2 billion, up 15%; free cash after growth capex of US$0.4 billion

Net debt up by US$1.1 billion (compared to 31 March 2014) to US$9.0 billion; US$0.8 billion spent on increasing our stake in subsidiaries, Sesa Sterlite and Cairn India

Interim dividend of 23 US cents per share, up 4.5%

Companies mentioned