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 "For the year we expect our revenues to rise to about Bt45-Bt47 billion while our expectations are that spreads (so far) during the second quarter have remained at par with those seen in the first quarter of the year," Dilip Kumar Agarwal, the chief executive officer of IRP said during the analysts/press briefing at the Stock Exchange of Thailand on Friday.

 IRP posted net profit of Bt681 million, up 197.4 per cent on year thanks to the record volume sales coupled with the decline in production cost.

 IRP, he said, has so far been running at a very high capacity utilization and the volume of products sold would unlikely be below those seen during the first quarter as well.

 "We are basically running at full capacity and there is not much higher we can get in terms of our sales volume until the new production facilities in the United States starts," he added.