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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Reliance Industries Records Rise in Third-Quarter Profits and Sales

1:09 PM MST | January 31, 2011 | —DEEPTI RAMESH

Ambani: Petrochemical margins continue to improve. Reliance Industries says net profits for the company’s fiscal third quarter ended December 31, 2010 increased 28% compared with the same period of the previous year, to about Rs51.36 billion ($1.12 billion), on sales up 6%, to Rs624 billion. Reliance’s petrochemicals business segment recorded an 8% rise in third-quarter sales, to about Rs160 billion with Ebit up 18%, to Rs24.3 billion. The segment’s performance reflects the strong domestic demand for most products, Reliance says. “Reliance...

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