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Indorama profit decreased in Q1

May 15/2012
(ivl) -- Indorama Ventures PCL (IVL.TH) said its first-quarter net profit fell 84.8% from a year earlier, as an increase in expenses took a toll on the company's bottom time. 

In the three months ended March 31, the world's largest producer of polyethylene terephthalate, which is used by bottlers and textile manufacturers, recorded a net profit of THB1.69 billion (USD 54.3 million), down from THB11.15 billion a year  earlier, it said in a filing to the Stock Exchange of Thailand. 

Total income rose to THB53.66 billion from THB47.35 billion, while expenses surged to THB51.78 billion from THB35.99 billion.
Author:Anna Larionova
Tags:Indorama Polymers.
Category:General News
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