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IRP Group records big profit for 2007

Indorama Polymer (IRP) has posted a 2007 net profit of Bt1 billion, following the completion of investment plans that boosted its annualised revenue 116 per cent. Last year's revenue reached Bt25.6 billion, up from Bt11.86 billion in 2006.

Published on February 28, 2008

In a statement, IRP's management said it was pleased with the company's performance in view of high price volatility last year, a sharp rise in the price of feedstock in the second half and the high cost of crude oil.

It said its focused attention on customer needs allowed the group to operate its facilities at high rates, mitigating the full impact of rising costs and the appreciating baht.

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IRP Group records big profit for 2007

Indorama Polymer (IRP) has posted a 2007 net profit of Bt1 billion, following the completion of investment plans that boosted its annualised revenue 116 per cent. Last year's revenue reached Bt25.6 billion, up from Bt11.86 billion in 2006.

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