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Reliance Posts Record Profit

1:38 PM MDT | January 24, 2007 | Chemical Week Editorial Staff

Reliance Industries (RIL; Mumbai) says it has recorded net profit of $631 million for its quarter ended December 31, 2006, a 58% increase over the same period in 2005. Sales rose 46%, to $6 billion. Reliance’s results for the previous year were impacted by a planned refinery shutdown, the company...

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