TPI Polene reports 768 million baht in profits

TPI Polene reports 768 million baht in profits
Published: 22 April 2005

TPI Polene made 5.6 billion baht from sales in the first three months of this year, up 5.14 per cent from the same period last year. The company’s total income rose 4.22 per cent in the first quarter to 6.27 billion baht. TPI Polene reported net profits of only 768 million baht, however, compared to 2.34 billion baht in the first quarter of last year, because its operational expenses rose and because it did not have any extra income from refinancing. In the first quarter of 2004 TPI Polene recorded 752 million baht in profits from refinancing.