Thailand’s Indorama posts stronger results in 2014
The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) also increased 30% year over year to reach THB19.5 billion ($599 million) in 2014 while cash from operations climbed 114% to THB22.4 billion ($688 million) in the previous year.
The company reportedly stated that even though falling crude oil prices caused a downward adjustment in the value of their inventories in the fourth quarter, this factor improved their cash flow from operations owing to the usage of less working capital.
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