World News and Views :: Top of the News
Reliance reports higher sales and earnings, polyesters impact petchems margin
11:48 AM MDT | July 21, 2014 | Natasha Alperowicz
Reliance Industries’ consolidated net profit in the first quarter of fiscal 2015 rose 13.7%, to 59.6 billion Indian rupees ($1.00 billion), compared with the year-earlier period on 7% higher revenues of Rs1.08 trillion, the company announced on Saturday. Revenues for the petrochemical business in the quarter ended 30 June 2014 increased 9.3%, to Rs254 billion, and the business's Ebit was up 6%, to Rs18.6 billion. Ebit margin declined from 7.6% in the first quarter of fiscal 2014 to 7.3% in the latest quarter mainly because of weaker polyester chain margins...
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