Friday, January 23, 2009

Reliance Industries discloses first ever drop in quarterly sales in 6 years

Drastic drops in petroleum product margins have hit quarterly performance at Reliance Industries. RIL has reported a 8.75% drop in net sales for the 3 months to end-December to Rs 31,563 crore; the ffirst decline in sales since the first quarter of 2002-03.

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