PTG’s 3Q Profit Nearly Doubles, Booking ฿509Mn amid Higher Consumption and Lower Cost
PTG’s 3Q Profit Nearly Doubles, Booking ฿509Mn amid Higher Consumption and Lower Cost.
PTG’s 3Q Profit Nearly Doubles, Booking ฿509Mn amid Higher Consumption and Lower Cost.
12 พ.ย. 2563

PTG Energy Public Company Limited (PTG) has reported its 3Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

PTG reported a net profit of 509 million baht in 3Q20, increased 98.38% compared to the same period of last year.
PTG’s oil sales volume in 3Q20 totaled 1,232 million liters, a 9.1% increase YoY and a 2.2% increase QoQ in line with the recovery of the overall oil consumption of the country. However, PTG’s diesel sales volume accounts for 70.6% of the total oil sales volume. The diesel sales volume grew 9.1% YoY but decreased 2.8% QoQ. On the other hand, gasoline sales volume increased 9.0% YoY and increased 16.7% QoQ. Consequently, PTG had a 13.9% market share of all channels oil consumption, ranked No. 2 in the country.
As for financial performance in 3Q20, PTG’s revenue from sales and services was 25,315 million baht, a decrease of 11.1% YoY, due to the decline in oil selling prices on an average of 19.0% YoY. Nevertheless, the oil sales volume increased 9.1% YoY.
The revenue from sales and services grew 13.7% QoQ, as a result of a 2.2% increase in oil sales volume and a 10.6% increase in retail oil prices from last quarter.
Cost of sales and services was 22,595 million baht, reflecting a decrease of 13.6% YoY, but an increase of 15.8% QoQ. This was mainly from the drop in cost per liter by 21.2% YoY, but the increase of 12.9% QoQ. Nevertheless, in this quarter, world oil prices were quite stable and the retail oil prices was adjusted consistent with costs, resulting in the appropriate marketing margin.