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Thailand’s Indorama posts stronger net profit in Q1

by ChemOrbis Editorial Team - content@chemorbis.com
  • 12/05/2015 (11:37)
According to media reports, Thailand’s Indorama Ventures posted stronger financial results in the first quarter of this year. The company’s net profit rose 9% on the year to reach THB1.6 billion ($47.3 million). On a quarterly basis, meanwhile, net profit rose 15% in the first three months. The increase was attributed to higher sales, lower feedstock prices and improved working capital management.

The company reportedly stated that plunging crude oil prices and lower petrochemical prices resulted in a non-cash inventory loss of THB1.4 billion ($41.3 million) in the first quarter. However, the company expects better margins in 2015 compared with 2014.
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