Byline: Busrin Treerapongpichit
Feb. 16--Thai Petrochemical Industry Plc (TPI) expects sales to grow by up to 10 percent this year on the back of the steadily high oil prices, according to TPI rehabilitation planner Pala Sukhavech.
He said TPI sales and profit were forecast to grow by 5-10 percent this year from last year, thanks in part to the company's cost-reduction programme, starting last year.
For 2004, TPI projected total sales of 152 billion baht, up 86 percent from that of the previous year. The company's earnings before interest, tax, depreciation and amortisation (EBITDA) were estimated to have risen by 155 percent to 22.58 billion baht …
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