India's Reliance profit reaches USD9322 m in Q4

(MENAFN) Indian energy company Reliance Industries Ltd. reported an unchanged profit in the forth quarter of the company's fiscal year, which ended on March 31, as a slimmer margin in its oil refining business offset higher revenue, according to Arab News. Net profit of Reliance, which operates the world"s biggest refining complex in western India, was estimated at USD9322 million for the quarter compared to the expected USD937 million. Its average gross refining margin dropped to USD9.30 per barrel compared to USD10.10 a year earlier.