IHS Chemical Week

People & Business :: Earnings/Finance

PTT Global Chemical reports rise in profits and sales

9:42 AM MST | February 15, 2013 | Deepti Ramesh

PTT Global Chemical (Bangkok), Thailand’s largest integrated petrochemical and refining company, reports a 13.2% increase in net profits for 2012 compared with 2011, to 34 billion baht ($1.14 billion). Full-year sales increased 12.5%, to baht562.8 billion. The former PTT Chemical, together with PTT Aromatics and Refining—each company an affiliate of energy firm PTT (Bangkok)—completed their merger in October 2011 to create PTT Global Chemical. The company prepared unaudited pro-forma financial statements of 2011, for the purpose of performance...

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