Indorama Ventures Public Company Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 10, 2022 at 12:32 am EST
Share
Indorama Ventures Public Company Limited reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was THB 181,283.37 million compared to THB 127,515.57 million a year ago. Net income was THB 8,137.08 million compared to THB 6,548.07 million a year ago. Basic earnings per share from continuing operations was THB 1.42 compared to THB 1.13 a year ago.
For the nine months, revenue was THB 520,310.58 million compared to THB 339,701.06 million a year ago. Net income was THB 42,484.87 million compared to THB 20,896.49 million a year ago. Basic earnings per share from continuing operations was THB 7.47 compared to THB 3.62 a year ago.
Indorama Ventures Public Company Limited is a Thailand-based petrochemicals producer. The Company operates through three segments: Combined PET, Integrated Oxides and Derivatives (IO), and Fibers. Its Combine PET segment manufactures and distributes polyethylene terephthalate (PET) value chain comprising Paraxylene (PX), Purified Terephthalic Acid (PTA), PET, and recycling (Integrated PET), PET preforms and packaging and specialty PET-related chemicals comprising PIA and NDC. Its Integrated Oxides and Derivatives segment manufactures and distributes integrated EG, integrated purified EO, PO/MTBE and integrated surfactants comprising EOA, LAB and others. Its Fiber segment manufactures and distributes polyester, rayon, nylon, polypropylene, composites and worsted wool fibers, for mobility, lifestyle and hygiene markets. The Company's products are used in health, personal hygiene, human safety and packaging solutions.
INDORAMA VENTURES 
