Thai PTT Chemical Q2 net profit rises 8.3% to $72.6m

10 August 2010 08:19  [Source: ICIS news]

SINGAPORE (ICIS)--Thai producer PTT Chemical said on Tuesday its second-quarter net profit rose by 8.3% year on year to Baht (Bht) 2.32bn ($72.6m) on the back of a double-digit increase in sales.

In a disclosure to the Thailand Stock Exchange, PTT Chemical said total revenue sales for the three-month period ending June grew 11.6% to Bht24.69bn.

For the first six months of the year, PTT Chemical more than tripled its net profit to Bht5.49 bn from Bht1.75bn, with total revenue jumping 23% year on year to Bht40.50bn, the company said.

PTT Chemical is a unit of southeast Asian oil and gas giant PTT.

($1 = Bht31.95)

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By: Pearl Bantillo
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