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Thailand’s PTTGC’s net profit down 11% in Q1

by ChemOrbis Editorial Team -
  • 08/05/2015 (17:36)
According to media reports, Thailand’s PTT Global Chemical posted weaker financial results in the first quarter of this year. The company’s net profit declined 11% year over year to THB5.63 billion ($167.8 million) from THB6.32 billion ($188.3 million) in the same period of 2014 due to lower sales prices stemming from plunging crude oil prices.

The company’s sales were also down 30% on the year in the January- March period.
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