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
| On 18th May 2021
China's textile industry showed strong performance in the first...
| On 18th May 2021
Over 280,000 employees in Ireland’s retail sector returned to work as ...
The price of organic cotton fibre in India is expected to increase in ...
Blockchain is not a silver bullet for each and every problem in supply...
Consumer sentiment will be conservative after lockdown
India-EU FTA will provide EU with better access to a huge & rapidly...
Dr. Vijaya Kumar
Dr MM Kariappa founded the Vogue Institute of Art & Design in 1996....
Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...
Shambhu Nath Jha
Leading research and consulting firm Fact.MR recently launched a report on ...
German company Dilo Group is one of the leading equipment suppliers of...
Garware Technical Fibres Ltd
Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...
UK-based Directa Plus is one of the largest producers and suppliers...
Gramin Vikas Evam Chetna Sansthan
Ruma Devi is a jet-setting promoter of artisans who has empowered...
Designer <b>Suman Nathwani</b> talks about her journey of opening a...
Abhishek Bajaj & Samiksha Bajaj
Samshek is a fashion forward tech brand which combines digital experience...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.