Oil Investing News » RIL hit by dip by fall in crude price, Q4 net dips 1%

RIL hit by dip by fall in crude price, Q4 net dips 1%

April 24, 2009 @ 3:11 am In Oil Company News

Reliance Industries Ltd., India's leading company by market capitalisation, reported a quarterly net profit dip of 1 per cent on the back of dwindling global crude prices that impacted product prices and refining margins.

Chairman and Managing Director Mukesh Ambani stated:

This was a transformational year for Reliance.

For full story, click here ^[1]

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[1] here: http://www.business-standard.com/india/news/crude-price-fall-hits-ril-q4-net-dips-1/356138/