A Web portal All About Energy source

PTT Group: PTT’s performance in the first 9 months of 2022 declined, including PTT Group sending money to the state over 64,461 million baht, ready to help continue energy costs.

39

Mr. Auttapol Rerkpiboon , President and Chief Executive Officer, PTT Public Company Limited, disclosed the performance of PTT and its subsidiaries in the first 9 months of 2022, both Domestically and internationally, revenue was 2, 570,029 million baht and a net profit of 73,303 million baht, a decrease of 9% from the same period in 2021 due to losses from derivatives, income tax, and increased exchange rate losses. The net profit of 73,303 million baht came from the performance of PTT, accounting for 13 % decreased from the same period last year. due to the performance of the natural gas business Where the cost of natural gas prices has increased considerably, and another 87 % is from the performance of PTT affiliates, consisting of petroleum exploration and production business, 49 % new business and infrastructure and other subsidiaries, 24 % oil business. and retail 11 %, while the petrochemical and refining business accounted for only 3 %. The performance was affected by a large increase in oil stock losses in line with the trend of slowing oil prices following concerns about global economic recession

However, on September 15, 2022 , the PTT Board of Directors approved an interim dividend payment, resulting in the Ministry of Finance as a major shareholder and the Vayupak Fund receiving total dividends of approximately 23,494 million baht . with the corporate income tax of PTT and its affiliates ( the first 9 months of 2022 ), another approximately 40,967 million baht, including PTT Group’s revenue to the state in 2022 , 64,461 million baht, PTT’s profit after dividend payment to the state and shareholders The proceeds will be used to invest more in key projects and support social enterprise operations. During the COVID-19 pandemic, and the situation of high energy prices ( 2021– 2022 ) Until now, PTT has jointly alleviated the cost of living on energy costs of more than 23,800 million baht, as well as taking care of society by establishing the PTT Group’s One Breath Project, providing screening services for COVID with a total budget of 1,046 million baht . Breath for the Younger Project Helping over 60,000 young people at risk of falling out of the education system. And set up a fund of 171 million baht and the breath for the city project Support the goals of Bangkok In planting trees to increase green areas, PTT has also announced its intention to aim for Carbon Neutrality in 2040 and Net Zero Emissions in 2050 .At the same time, PTT Group aims to plant additional forests totaling 2 million rai by the year 2030 , divided into 1 million rai operated by PTT and another 1 million rai with the cooperation of PTT Group companies. Creating value for the environment and the community economy continually bring good quality of life for Thai people

Comments are closed.