Indorama's profits up 24%

Indorama's profits up 24%

JAKARTA (JP): PT Indorama Synthetics, a textile company listed
on the Jakarta Stock Exchange (JSX), announced yesterday that its
before-tax profit during the first nine months of this year rose
24 percent to Rp 47 billion (US$21.5 million).

The company's finance manager Arvind Parakh said that its
revenue increased by 29 percent to Rp 278 billion, while its
earning per share was estimated at Rp 654.

PT Indorama recently got a long term loan of US$97.5 million
from a consortium of foreign banks for its ongoing corporate
investment program, which includes the establishment of a
polyester plant, a weaving plant, a PET resin plant, a speciality
yarn plant and a dye-finishing plant. (rid)