Thailand’s Polyplex registers 21% Q3 net income increase

29 January 2010 06:45  [Source: ICIS news]

SINGAPORE (ICIS news)--Polyester film producer Polyplex (Thailand) Public Co on Friday reported a 21% increase in its net income for the third quarter - October-December 2009 - as compared with the previous quarter, the company said in a statement.

Third-quarter consolidated net income was baht (Bt) 257m ($7.75m), up from a net income of Bt204m reported for the second quarter, July-September 2009, the statement added.

Polyplex’s total sales in the third quarter were Bt1.8bn as compared with Bt1.72bn in the second quarter, the statement said.

Net income for the nine-month period ending 31 December 2009 showed a 15% year-on-year decrease to Bt692m, the statement added.

Polyplex (Thailand) is a wholly owned subsidiary of India's Polyplex Corporation, a large producer of polyethylene terephthalate (PET) film.

($1 = Bt33.15)

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By: Nurluqman Suratman

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