'Prospects for 2009 to remain resilient' – Mr Lohia, IRP

06 Mar '09

4 min read

The firm's another key plant that is set to be operational during the second quarter of this year will be AlphaPet in the United States of Amercia. Alphapet is the only committed expansion and growth project of IRP in 2009 and is expected to contribute positively to the EBITDA and the Net Earnings of IRP in 2009 due to its low cost structure and integration with BP's Px/PTA site in Alabama.

During 2008 IRP acquired 2 PET Polymer plants in Europe and the start-up of a brown-field Amorphous PET plant in Lopburi, Thailand. The total capacity in 2008 was 409,000 tons per year and all 3 regions PET polymers plants have contributed positively to EBITDA and the Net Earnings in 2008.

Key Financial Ratios of IRP continued to show improvements in 2008 with the return on capital employed rising to 15.8% against 14.6% in 2007, Return on Equity at 25.1% against 20.9% in 2007, earnings per share at 1.12 baht against 0.78 baht in 2007 while the book value per share of the firm stood at 4.91 baht a share against 3.99 baht in 2007.

The firm also announced a 0.24 baht a share in dividend payment payable to shareholders who hold the shares on 29th May, 2009 which would imply a dividend yield of about 6%.

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