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Regions :: Southeast Asia
Indorama Reports Rise in Profits and Sales
10:52 AM MST | November 14, 2011 | Deepti Ramesh
Indorama Ventures (Bangkok) reported a 30.4% increase in net profits for the third quarter ended September 30, 2011, compared with the year-ago period, to $120 million. Sales more than doubled, to $1.69 billion. The polyethylene terephthalate (PET) business segment of Indorama reported nearly a tripling of sales in the third quarter of 2011 compared with the year-ago period, to $1.21 billion. Operating Ebitda for the segment increased 63%, to $103 million. The company’s purified terephthalic acid (PTA) business segment reported a 44% increase in...
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