Indorama Ventures Public Company Limited Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 09, 2020 at 12:51 am EST
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Indorama Ventures Public Company Limited announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was THB 81,772.514 million compared to THB 84,773.239 million a year ago. Operating income was THB 2,826.428 million compared to THB 1,920.438 million a year ago. Net income was THB 380.078 million compared to THB 792.867 million a year ago. Basic earnings per share from continuing operations was THB 0.03 compared to THB 0.09 a year ago. For the nine months, total revenue was THB 252,156.730 million compared to THB 277,262.476 million a year ago. Operating income was THB 6,714.715 million compared to THB 10,857.250 million a year ago. Net income was THB 1,104.307 million compared to THB 6,767.697 million a year ago. Basic earnings per share from continuing operations was THB 0.1 compared to THB 1.07 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 
