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Thai PTTGC’s net profit rises 45% in Q2

by ChemOrbis Editorial Team - content@chemorbis.com
  • 18/08/2015 (16:42)
According to media reports, Thailand’s PTT Global Chemicals’ net profit rose 45% from a year earlier to reach THB8.97 billion ($255 million) in the second quarter of this year amidst stronger margins and higher prices in its olefins and olefins derivatives unit.

The company’s earnings before interest, tax, depreciation and amortization (EBITDA) also surged 56% compared with the same period of last year to THB16.1 billion ($452 million) in spite of the fact that the company’s sales fell by 25% on the year to THB111.2 billion ($3.122 billion) in three months ending in June.
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