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Higher Margins Contribute to Reliance Industries’s 32 Percent Profit Increase
Apr. 16, 2013 10:49AM PST
Resource InvestingReuters reported that Reliance Industries Ltd announced a quarterly profit increase of 32 percent on higher margins that offset declining oil and gas revneues.
Reuters reported that Reliance Industries Ltd announced a quarterly profit increase of 32 percent on higher margins that offset declining oil and gas revneues.
As quoted in the market report:
Pressure on revenue will continue because of the fall in gas production, which is the main worry,” said R.K. Gupta, managing director at Taurus Asset Management, which owns Reliance shares.