World News and Views :: Top of the News
Reliance Industries Posts Big Profits Hike
1:52 PM MST | January 17, 2008 | CW Editorial Staff
Reliance Industries posted net profits of $4 billion for the nine months ended December 31, 2007, a 77% increase over the same period in the previous financial year. Sales increased 13%, to $25.5 billion. Reliance says the sales hike reflects an 8% increase in prices and 5% growth in volumes. Reliance's petrochemicals production grew 4% in the nine-month period, to 14.5 million m.t. The company's total exports grew 20%, to $15.1 billion, and consumption of raw materials increased 10%, to $16.4 billion mainly on account of higher crude oil prices. Reliance agreed...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee