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TPI Polene posts 2Q22 sales growth of 21%

25 August 2022, Published under Cement News

TPI Polene posted a 21 per cent YoY growth in sales in the 2Q22 to THB12.5bn (US$346.2m) and 24 per cent growth in revenues to THB13.6bn, partly thanks to forex gains. Overall, the lower volume sales in some product categories were offset by price adjustments compensating for input costs that have been rising since late 2021. For the 1H22 sales reached THB25bn up 29 per cent YoY.   The company’s gross profit and core operating margins, at 28.6 and 22 per cent respectively, were still l...