Home / Knowledge / News / Textiles / Indorama Ventures H1 2018 revenue up 22%

Indorama Ventures H1 2018 revenue up 22%

07
Aug '18
Courtesy: Indorama Ventures
Courtesy: Indorama Ventures
Delivering another record performance, global chemical producer Indorama Ventures Public Company Limited (IVL) has announced that its revenue has gone up by 22 per cent year-on-year to $5.032 billion in the first half (H1) of 2018. The company has registered improvements in production volumes and margins across all key segments and geographies.

The Bangkok-headquartered company posted EBITDA soared by 57 per cent year-on-year to $742 million during January-June 2018. Net profit skyrocketed by 109 per cent to $443 million, an IVL press release said.

“This is an encouraging set of results reflecting the strong execution of our strategy, the growth momentum in our businesses, and ongoing structural improvement in the Necessities segment,” said Aloke Lohia, group CEO of IVL.

The company expects the second half of the year to be equally encouraging as it is anticipating the current market conditions to prevail. “We will continue to pursue value accretive opportunities in both our key segments to further strengthen the foundations of sustainable performance,” said Lohia.

Based on its solid H1 performance and strong second half (H2) expectations, IVL has raised its guidance for core EBITDA to increase by 75 per cent on 2017 performance to $1.75 billion in 2019. “These are exciting times at IVL, and I am confident in our ability to continue to deliver industry-leading performance,” Lohia added. (RKS)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Businesswire/PrimaLoft

Textiles | On 18th Nov 2018

PrimaLoft unveils PrimaLoft Bio Performance Fabric

PrimaLoft, a leader in advanced material technology, has unveiled...

Higher sales and earnings at Macy's in Q3FY18

Fashion | On 18th Nov 2018

Higher sales and earnings at Macy's in Q3FY18

Higher sales and earnings were recorded at Macy’s, one of the premier ...

Courtesy: Amazon

Apparel/Garments | On 18th Nov 2018

Amazon's new headquarters in New York City, Arlington

Amazon is setting up two new headquarters, one in New York City and...

Interviews View All

Viral Desai, Zenitex Mill Pvt Ltd

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Spokesperson, Hugo Boss

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Kamlesh Vaghela, RK Textiles

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Urmil Arya,

Urmil Arya

Sushila International, a well established textile organisation established ...

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Robin Grankvist, OrganoClick AB

Robin Grankvist
OrganoClick AB

Robin Grankvist talks about PFCs, additives and various chemicals used in...

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Rajesh Pratap Singh, Rajesh Pratap Singh

Rajesh Pratap Singh
Rajesh Pratap Singh

<div>Ace fashion designer <b>Rajesh Pratap Singh</b> has used Tencel to...

Hemant & Nandita, Hemant & Nandita

Hemant & Nandita
Hemant & Nandita

The designer duo of Hemant &amp; Nandita are known for being inspired by...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


November 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search