Thailand’s PTTGC Q3 net profit falls 25% as sales decline

06 November 2013 15:02  [Source: ICIS news]

LONDON (ICIS)--PTT Global Chemical  (PTTGC) posted a 25% year-on-year decrease in its third-quarter net profit to baht (Bt) 9.61bn ($307m) as sales and margins declined, the Thailand-based producer said late on Wednesday.

Sales fell 3% to Bt141.4bn in the three months ending 30 September 2013, with earnings before interest, tax, depreciation and amortisation (EBITDA) falling 12% to Bt16.4bn, the company said in a filing to the Stock Exchange of Thailand.

PTTGC's EBITDA margin slipped to 12% in the September quarter from 13% in the same period last year, while earnings per share in the three-month period fell 26% year on year to Bt2.13.

($1 = Bt31.28, $1 = €0.74)

By: Franco Capaldo
+44 (0)20 8652 3214

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