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PTT Global Chemical's Profits Impacted by Lower Oil Prices

8:48 AM MDT | August 8, 2012 | Sotirios Frantzanas

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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