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People & Business :: Earnings/Finance

Indorama reports fourth-quarter loss

2:37 AM MST | February 21, 2014 | Deepti Ramesh

Indorama Ventures (Bangkok) reports a net loss of $16 million for the fourth quarter of 2013 compared with a net loss of $7 million in the year-ago quarter. Fourth-quarter sales increased 10.3%, however, to $1.81 billion. Core Ebitda for the fourth quarter increased 25.7%, to $127 million. For full-year 2013, Indorama reports a 51.1% fall in net profits, compared with 2012, to $43 million. Full-year sales increased 9.9%, to $7.45 billion. Core Ebitda increased 5.6%, to $487 million. “2013 was a tough year for the industry. Our differentiation and low-cost...

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