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Reliance Industries reports a slight increase in profits

6:09 AM MST | January 17, 2014 | Deepti Ramesh

Reliance Industries says net profits for its fiscal third quarter, ended 31 December 2013, increased 0.2% compared with the same period of the previous year, to about 55.11 billion Indian rupees ($897 million). Third-quarter sales increased 10.5%, to Rs1.06 trillion. Reliance’s petrochemicals business’s third-quarter sales increased 14.6% compared with the year-ago period, to Rs252.8 billion, with Ebit up 9.6%, to Rs21.24 billion. For the first nine months of the fiscal year, ended 31 December, Reliance’s petrochemicals business’s sales...

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