PTT Global Chemical's Profits Impacted by Lower Oil Prices

PTT Global Chemical (Bangkok), Thailand’s largest integrated petrochemical and refining company, says net profits in the second quarter of 2012 decreased 90%, to baht851 million ($27 million), compared with baht8.8 billion in the second quarter of 2011. Ebitda in the second quarter of 2012 also decreased. It was down by 57%, to baht6.7 billion, compared with baht14.6 billion in the prior-year period. Sales, however, increased 5% year-over-year, to baht139.2 billion.  The company's performance was affected by a number of events that took place in...

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