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.
