Indian state-owned miner National Mineral Development Corporation (NMDC) has announced its financial results for the first quarter ended June 30 of the financial year 2018-19.
Accordingly, in the first quarter, NMDC recorded a net profit of INR 9.75 billion ($139.59 million) compared to the net profit of INR 9.69 billion in the same quarter of the previous financial year. Sales revenues in the first quarter amounted to INR 24.21 billion ($346.63 million), down 15 percent year on year.
In the given quarter, NMDC's iron ore sales volume totaled 6.78 million mt, while its iron ore production amounted to 6.98 million mt.