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RIL posts surprise 24 pct surge in quarter profit

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MUMBAI, India (AP) — India's Reliance Industries posted a surprise 24 percent surge in December quarter profits Friday, on unexpectedly strong refining margins and solid demand for petrochemicals. Net profit for the October to December quarter was 55.0 billion rupees ($1.0 billion), a turnaround after four quarters of sliding profits. Revenues rose 10 percent from a year earlier, to 963.1...

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