in this issue
World News and Views :: Top of the News
Reliance Industries Posts Declines in Quarterly Earnings and Sales
6:53 AM MDT | July 24, 2009 | Deepti Ramesh
Reliance Industries says net profits for its fiscal first quarter ended June 30, 2009 fell 11.5%, to $759 million on sales down nearly 23%, to $7 billion. Fall in prices accounted for 24.4% reduction in sales, partially offset by higher volumes which accounted for 1.8% growth in sales, Reliance says. Exports in the quarter decreased by 38.5%, to $3.6 billion. The petrochemical business segment of the company recorded a 22.4% fall in sales, to $2.4 billion and Ebit was down 32%, to $434 million. During the period, domestic demand for most petrochemical products...
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