Press "Enter" to skip to content

Reliance Jio and Reliance Retail boost earnings for Mukesh Ambani-owned RIL



The Mukesh Ambani-owned company reported its earnings for the last three months ending December 2019.The share price of Reliance Industries (RIL) has run up over 40% since the lows it hit in August 2019. These are some of the highlights from the earnings report from one of India’s most-valued companies which has businesses spanning from oil and gas exploration to telecom to retail. The Mukesh Ambani-owned company reported its earnings for the last three months ending December 2019.Consolidated revenue was at ₹1.53 lakh crore, and profit was ₹11,640 crore compared to a year earlier. The big boost has come from the retail business while the petrochemicals business performance disappointed.The gross refining margin came in at $9.2 a barrel. These are some of the highlights from the earnings report



Source link

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

INX News All Rights Reserved.2020.