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Reliance reports a slight increase in profits

10:00 AM MDT | April 22, 2014 | Deepti Ramesh

Reliance Industries says net profits for its fiscal fourth quarter, ended 31 March, increased 0.8% compared with the same period of the previous year, to about 56.3 billion Indian rupees ($926 million). Fourth-quarter sales increased 12.9%, to Rs978 billion. Reliance’s petrochemicals business’s fourth-quarter sales increased 9.9% compared with the year-ago period, to Rs243.4 billion, with Ebit up 10.6%, to Rs20.9 billion. Reliance posted sales of about Rs4.01 trillion for the full fiscal year, an increase of 8.1% compared with the previous fiscal...

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