IVL Pays Bt0.25 Dividend after an Outstanding Performance in 3Q21

Indorama Ventures Public Company Limited (IVL) has announced that the company will offer a cash dividend payment of Bt0.25 per share from the operating period from 1 July 2021 to 30 September 2021. The dividend will be paid on 9 December 2021 and the ex-dividend date will be on 25 November 2021.

 

IVL reported a net profit of 6,548 million baht in 3Q21, increased 1,622% from a net profit of 380 million baht in 3Q20. The increase was mainly due to higher revenue in the period, especially the revenue from sale of goods that rose 56% from 81 million baht in 3Q20 to 126 million baht in this quarter. Moreover, IVL recorded lower impairment loss of PPE in 3Q21 at 10 million baht, compared to 268 million baht in the same period last year.

The company delivered strong 3Q21 results with Core EBITDA of US$ 437M (IVOL US$ 11 million expenses, net of business interruption insurance claim of US$ 8.5 million, moved to extraordinary item), and record production volumes of 3.73 MMT.

The successive strong performance over the last quarters leads us to a record YTD performance, ending the first nine months with a Core EBITDA of US$ 1,281 million, up 50% YoY. IVL’s business model of integrated and regional supply across a diversified geographical and product base is proving its robustness.