published : 10 Feb 2021 at 17:41 IRPC announced the fourth-quarter performance, with a net profit contributed by higher petrochemical product spread, especially the medical supplies, packaging products and electrical appliances. Despite the spread of Covid-19, IRPC reported a gain because IRPC adjusted the business strategies while supporting the medical professionals in fighting Covid-19 and creating opportunities with innovations. IRPC also planned to pay the 2020 dividend of 0.06 Baht per share and to expand the business to the downstream chemical market, especially medical equipment. Mr. Chawalit Tippawanich, President and CEO of IRPC Public Company Limited, or IRPC, announced the 2020 fourth-quarter operating results: “The company had net revenue of 40,661 million Baht, increasing by 8% when compared to net revenue of 37,671 million Baht in the previous quarter, as the selling prices followed the higher crude oil price. The company had a Market GIM of 6,144 million Baht (11.01 USD per barrel), increasing by 24%due to higher petrochemical product spread, especially medical supplies, packaging products and electrical appliances and lower crude premium. The company had an Accounting GIM of 7,507 million Baht or 13.45 USD per barrel. In conclusion the company had a net profit of 1,608 million Baht, increasing by 3% when compared to a net profit of 1,556 million Baht in the previous quarter.”