Reliance Natural Resources Ltd (RNRL) net up 7pc at Rs 16 cr

Reliance Natural Resources Ltd (RNRL)'s a net profit of Rs 16 crore for the first quarter ended June 30, a 6.67 per cent growth from that in the corresponding period a year-ago. The firm had a net profit of Rs 15 crore in the first quarter of FY'08, RNRL said in a filing to the Bombay Stock Exchange. The total income rose 42 per cent to Rs 93 crore in the latest quarter, from Rs 65 crore in the same period last fiscal. However, the company's cash profit dipped by Rs 1 crore to Rs 16 crore during the quarter.

Reliance Natural Resources Ltd (RNRL)'s net worth stood at Rs 1,746 crore, while the earnings per share was at Rs 0.10 per piece, the filing added. The board has appointed Mr Anil Singhvi as an additional Director and Vice-Chairman of the company, the filing said.Shares of RNRL closed at Rs 95.50, down 3.34 per cent on the BSE.