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Chemical Week Magazine :: Business & Finance :: Asia/Pacific
Asian Companies Report Improved Results
7:30 AM MDT | May 6, 2011 | —DEEPTI RAMESH
Several major chemical companies have reported improved financial results in the quarter ended March 31, 2011, mainly as a result of increasing demand and healthier global economic conditions. Ambani: Emerging markets led to recovery. Liebelt: Expansion projects moving ahead. Reliance Industries says that net profits for its fiscal fourth quarter ended March 31 increased 14% compared with the same period of the previous year, to about Rs53.7 billion ($1.2 billion). Sales increased 25%, to Rs753 billion. Reliance’s petrochemicals segment recorded an 18% rise...
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