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Indorama Polymers beats trend to record solid growth
13 Nov '08
4 min read
Net profit after tax increased by 140.6% from Baht 775 million in the nine month period ended 30th September 2007 to Baht 1,864 million in the nine month period ended 30th September 2008. The increase is a result of higher sales volume, maintain spreads and other income of Baht 930 million from increase in fair value of acquired assets over acquisition costs for the two production facilities in Europe. The normalized net profit after tax increased to Baht 996 million from Baht 786 million, a growth of 26.8%, after excluding the exceptional items.
During the nine months period ended September 30, 2008 IRP company only recorded a net profit of Baht 409 million which includes profit from operations of Baht 156 million and dividend income from subsidiaries of Baht 253 million.
During the nine months period ended September 30, 2008 IRP company only recorded a net profit of Baht 409 million which includes profit from operations of Baht 156 million and dividend income from subsidiaries of Baht 253 million.
Indorama Polymers
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