Reliance Industries becomes first private company to post $1 billion quarterly profit... NEW DELHI: Reliance Industries on Saturday posted a 13.7 per cent jump in its first quarter net profit to almost Rs 6,000 crore ($1 billion), the highest quarterly profit by a private firm, on the back of higher refining margins, better petrochem earnings and surge in US shale gas business. The net profit in April-June rose to Rs 5,957 crore, or Rs 20.3 per share, up 13.7 per cent from Rs 5,237 crore, or Rs 17.8 a share, in the same period a year ago, the company said in a statement. Reliance Industries (RIL) is the first company in the private sector in India to post $1 billion net profit in a quarter.
Posted on: Sat, 19 Jul 2014 18:01:29 +0000
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