Indorama Ventures Public Company Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 11, 2023 at 07:01 am
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Indorama Ventures Public Company Limited reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was THB 138,584.88 million compared to THB 190,979.1 million a year ago. Net income was THB 411.13 million compared to THB 20,277.88 million a year ago. Basic earnings per share from continuing operations was THB 0.04 compared to THB 3.58 a year ago.
For the six months, revenue was THB 276,455.39 million compared to THB 339,027.21 million a year ago. Net income was THB 1,434.53 million compared to THB 34,347.78 million a year ago. Basic earnings per share from continuing operations was THB 0.19 compared to THB 6.05 a year ago.
Indorama Ventures Public Company Limited is a Thailand-based petrochemicals producer. The Company operates through three segments: Combined PET, Integrated Oxides and Derivatives (IO), and Fibers. Its Combine PET segment manufactures and distributes polyethylene terephthalate (PET) value chain comprising Paraxylene (PX), Purified Terephthalic Acid (PTA), PET, and recycling (Integrated PET), PET preforms and packaging and specialty PET-related chemicals comprising PIA and NDC. Its Integrated Oxides and Derivatives segment manufactures and distributes integrated EG, integrated purified EO, PO/MTBE and integrated surfactants comprising EOA, LAB and others. Its Fiber segment manufactures and distributes polyester, rayon, nylon, polypropylene, composites and worsted wool fibers, for mobility, lifestyle and hygiene markets. The Company's products are used in health, personal hygiene, human safety and packaging solutions.