Reliance Industries Records Rise in Third-Quarter Profits and Sales

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...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers