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View all search resultsPT Chandra Asri Petrochemical (CAP), the country’s largest integrated petrochemical manufacturer, has concluded its Rp 5.03 trillion (US$378 million) rights issue, bringing its free float in compliance with an Indonesia Stock Market (IDX) regulation.
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.
The largest chemical manufacturer in Indonesia, Chandra Asri Petrochemical, recorded a robust performance in the first six months of 2016. The company made US$131 million in net profit, seven times higher than the $17 million profit in the same period last year.
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