Reliance Industries, posted a 16.7 per cent rise in quarterly net profit to its highest ever, but lagged analysts' estimates as slowing gas production weighed on results. The company’s April-June net profit rose to Rs 5,661 crore from Rs 4,851 crore a year ago. Turnover achieved for the quarter ended 30th June 2011 was Rs 83,689 crore ($18.7 billion), an increase of 37.2% on a year-on-year basis
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