Sign up | Log in



Home  >>   Daily News  >>Indonesia>>Companies>>Chandra Asri profits surge in Q1 amid high margins
NEWS UPDATES Asean Affairs     May 18, 2017  

Chandra Asri profits surge in Q1 amid high margins

The profits of publicly listed petrochemical giant Chandra Asri Petrochemical (TPIA) surged by 181 percent year-on-year (yoy) to US$107.8 million in the first three months of 2017 from $38.4 million in the same period last year, according to a statement released by the company on Tuesday.

Net revenue increased by 77 percent to $632.7 million from $358.2 million in the same period.

“Most of the increase in net revenue comes from 37 percent sales volume to 554,000 tons amid higher ethylene production capacity and the profit from good petrochemical margins,” read the statement.

The relatively low price of oil as a raw material for the company and the high price of end products lead to good profit margins, especially for olefins and butadiene products, or raw materials for various plastic articles.

The firm’s gross profit margin was 28 percent in this first quarter of this year compared to 17 percent in the same period in 2016.

Chandra Asri plans several expansions in the next five years, including a 37 percent increase in butadiene production capacity to 137,000 tons and the construction of tire factory PT Synthetic Rubber Indonesia, a joint venture between Chandra Asri's wholly owned subsidiary, PT Petrokimia Butadiene Indonesia, and France-based tiremaker Michelin.

Chandra Asri also plans to increase its polypropylene production capacity by 20.8 percent to 580,000 tons and polyethylene production capacity by 119 percent to 736,000 tons.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                          May 18, 2017 Subsribe Now !
• Singapore exports down 0.7% in April after 5 straight months of growth Subcribe: Asean Affairs Global Magazine
•Tourism growth boosts development of resort property market
• Petroleum businesspeople call for increased govt efforts   
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Chandra Asri profits surge in Q1 amid high margins
• PHL needs to strengthen trade ties with China after 'One Belt, One Road'
Asean Analysis                  May 12,  2017
• Asean Analysis May 12, 2017
Southeast Asia - Guidelines for the New Administration
Advertise Your Brand

Asean Stock Watch  May 17, 2017

• Asean Stock Watch-May 17, 2017
The Biweekly Update
• The Biweekly Update  May 12, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand