Reliance Industries net up 24 per cent

April 21st, 2008 - 10:02 pm ICT by admin  

Mumbai, Apr 21 (ANI): Reliance Industries Limited (RIL) on Monday announced that it has earned over Rs 3,912 crore in net profit for the January-March quarter of last fiscal.

The company, the country’s largest private sector entity, said its fourth quarter net rose 38 per cent and full year net profit was up by 63 per cent in comparison to its corresponding period figure a year ago.

RIL’s Board recommended a dividend of Rs 13 per share of face value of Rs 10, with the payout totalling Rs 1,860 crore, up 130 per cent from the year-ago level.

The firm had posted a net profit of Rs 3,156 crore and a total income of Rs 27,573 crore in the fourth quarter of last financial year, said a company statement.

RIL had posted a net profit of Rs 11,943 crore for the full financial year 2006-07.

The total income for the year ended March 31 this year increased to Rs 1,34,338 crore, from Rs 1,12,171 crore in the year-ago period. (ANI)

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