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Reliance Reports Fall in Profits

6:27 AM MST | January 20, 2012 | Deepti Ramesh

Reliance Industries says net profits for its fiscal third quarter ended December 31, 2011 decreased 13.6%, compared with the same period of the previous year, to about Rs44.4 billion ($883 million). Sales increased 40%, to Rs874.8 billion. “The global...

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