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PTT Global Chemical reports higher first-quarter results, outlines strategies, prices

8:37 PM MDT | May 7, 2013 | Natasha Alperowicz

PTT Global Chemical (PTTGC; Bangkok) reported first-quarter net profit of 12.08 billion Thai baht ($408.28 million), 23% up on the year-earlier quarter. Earnings per share were Baht 2.68 compared with Baht 2.19/share in the first quarter of 2012. Revenues advanced 6% to Baht 141.31 billion and Ebitda was 10% higher at Baht 16.42 billion. Ebitda margin was 12% compared with 11% in the first quarter of 2012.      PTTGC has at the same time given an update on several projects and acquisitions. On 1 April 2013, PT Pertamina (Persero; Jakarta), and...

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