Thailand's IVL Q3 net income surges amid higher production

Source: ICIS News

2018/11/08

SINGAPORE (ICIS)--Indorama Ventures Ltd's (IVL) net profit surged in the third quarter as core earnings rose across all business segments and regions, the Thai producer said on Thursday.

Thai baht (Bt) million Q3 2018 Q3 2017 Change (%)
Net Sales 96,001* 72,605 32.2
EBITDA** 15,641 10,023 56.1
Net profit 9,990 3,547 181.6
Bt million Q1-Q3 2018 Q1-Q3 2017 Change (%)
Net Sales 326,152 281,205 16.0
EBITDA 48,096 33,909 41.8
Net profit 34,129 14,010 143.6

*Sales of Bt96bn equate $2.91bn
**Earnings before interest, tax, depreciation and amortisation

Key points:

- Overall production volume rose by 14% year on year to 2.73m tonnes in the third quarter, supported by new assets in Brazil and Portugal.

- For the first nine months of this year, the company's production rose by 9% year on year to 9.9m tonnes.

($1 = Bt32.95)