Reliance reports YOY fall in petchem profit, revenue; sequential improvement

Reliance reports YOY fall in petchem profit, revenue; sequential improvement
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
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02.11.2020

MOSCOW (MRC) -- Reliance Industries says that EBDITA dropped 33% year on year (YOY) at its petrochemicals business to 59.64 billion Indian rupees (USD802.79 million) in the fiscal second quarter ended 30 September. Quarterly sales for this sector were Rs296.6 billion, down 23% YOY, said Chemweek.The company says, however, that compared with the preceding quarter, prices of polypropylene

Full article at mrcplast.com

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