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Wednesday, May 18, 2022

IVL posts $650m Q1 core Ebitda

Indorama Ventures Plc (IVL), a global chemical producer, announced a strong first-quarter result of US$650 million for its core earnings before interest, taxes, depreciation and amortisation (Ebitda), an increase of 77% year-on-year.

The firm also reported consolidated revenue of $4.4 billion, a 37% increase year-on-year. Its earnings per share was 2.47 baht and net profit logged 14 billion baht.

“Our integrated product portfolio continues to play a crucial role in consumers’ daily lives, serving end applications focused on elevating safety and well-being. This is the cornerstone of IVL’s resiliency and has allowed the company to successfully weather volatility and uncertainty,” said D.K. Agarwal, chief executive of IVL.

“Our strong focus on transforming our processes is continuing to yield efficiency gains and drive increased productivity.”

All three of IVL’s…

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