Mining and energy group Vedanta Resources Plc said it would not pay a dividend for the first half, citing the volatility in commodity markets, after reporting a fall in core profit.
The company said earnings before interest, tax, depreciation and amortisation fell 39 per cent to $1.29 billion for the six months ended September 30.
Vedanta Resources, which has interests in oil and gas, iron ore, zinc, copper, power and aluminium, paid a dividend of 23 cents in the first half a year earlier.
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