VNT’s 2Q Profit Soars 31% to ฿670m after Recording Higher Sales Volume

Vinythai Public Company Limited (VNT) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

VNT recorded a net profit of THB 670 million on 2Q19, increased by THB 160 million or 31.28% of net profit comparing with 2Q18. This improvement was mostly a result of higher sales volume and lower prices of raw materials in Q2 this year. Total revenues are THB 4,700 million,  which earned from sales revenues 4,658 MTHB. Sale revenues increased by THB 468 million or 11.2% comparing to the same period of the year 2018. Such increase was mostly from greater sales volume across all products because of major plant turnaround in 2Q18. The overall selling price decreased, especially for Caustic Soda due to the fall of its market price trend and for Epichlorohydrin from the weak Epoxy demand.