Thailand's PTTGC Q1 profit falls 6% on strong baht, lower margin

摘要

SINGAPORE (ICIS)--PTT Global Chemical’s (PTTGC) first-quarter net profit fell by 6% year on year to Thai baht (Bt) 12.4bn ($389m), weighed down by the strong baht and lower margins for aromatics, the producer said late on Monday. The company’s sales rose by 9% year on year to Bt120.9bn in the first quarter, but earnings before interest, tax, depreciation and amortisation (EBITDA) were down by 14% at Bt16.3bn.