People & Business :: Earnings/Finance
Indorama reports fall in quarterly profits
5:16 AM MST | November 11, 2013 | Deepti Ramesh
Indorama Ventures (Bangkok) reports a 23.9% fall in net profits for the third quarter of 2013 compared with the year-ago quarter, to $35 million. Third-quarter sales increased 10.6%, however, to $1.87 billion. A modest recovery of prices led to an inventory gain of about $8 millions in the third quarter of 2013, Indorama says. “As a global company with a strong portfolio of assets, Indorama’s strategy has been to diversify risk geographically and therefore regional results provide an important overview of how the moving parts of the business are...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee