Indorama Ventures Plc (IVL), a global sustainable chemical company, reported a record core earnings before interest, taxes, depreciation and amortisation (Ebitda) of US$758 million in the second quarter, up 17% quarter-on-quarter and 59% year-on-year.
Sales revenue also rose by about 11% quarter-on-quarter on a same-store basis, supporting a core Ebitda margin of 14%.
The combination of strong sales and improved margins helped offset higher energy costs in the US and Europe, while management leveraged the company's leading position in local and regional markets to ensure uninterrupted customer service levels as higher crude oil prices impacted raw materials costs.
