PTT Chemicals, the biggest olefins producer from Thailand, reported a 1.2 percent rise in profit. Net income rose to 24.3 billion baht, or $664 million in the last three months, from 24 billion baht previous year.
PTT is expanding stakes in the chemical sector as growing Asian consumers' increase consumption of chemicals used to make bottles, textiles, auto parts and other plastics, which led increase in prices of olefins and aromatics.
This only Thai Global Fortune 500 member controls most of the nation's publicly traded refiners and petrochemical producers.
marketing@alchempro.com
