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)