By P.R. Venkat

Indorama Ventures PCL's second-quarter net profit plunged 93% from a year earlier as some of its businesses were hit by Covid-19 restrictions.

Net profit was 153.51 million baht ($4.9 million), sharply lower from THB2.27 billion a year ago, the Thai petrochemical-products company said Thursday

Revenue fell 21% to THB75.01 billion, as its integrated oxides and derivatives business took a hit due to a drop in crude oil prices and falling demand for its products.

Indorama's fibers business also suffered, mainly because of softening demand from lifestyle companies and from the automobile sector. 



  Write to P.R. Venkat at venkat.pr@wsj.com