Reliance energy clocks net profit of $295 Mn

Monday, 28 April 2008, 07:00 Hrs
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Mumbai: Anil Ambani's Reliance Energy has posted a consolidated net profit of 11.78 billion ($295 million) for 2007-08, up 41.2 percent over over 8.34 billion ($190 million) for the previous year.

Total Income of the company rose 22.54 percent from 77.7 billion to 97.6 billion for the year ended March 31, 2008, as per the audited results released Monday.

The company's board of directors has recommended a dividend of 6.30 per share for its shareholders.

The company's shares were up 2.19 percent at 1,358.90 on the Bombay Stock Exchange (BSE) after the results were announced.
Source: IANS
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