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)