Stocks in the PTT Group listed on the Stock Exchange of Thailand. It is considered a stock with a large market cap. There is pressure on the movement of the SET Index. At the moment there are 8 companies.
Recently, the 2023 operating results report has come out, and most of them have information about net profit figures that have grown compared to the same period last year.
The parent company is PTT Public Company Limited or PTT, which has a net profit of more than 100 billion baht because it has received help from the realization of profits from holding shares in subsidiaries with unpaid profits, especially PTTEP Province or PTTEP in 2023 with a profit of 2,208 million dollars or 76.7 billion baht, an increase of 10% from 2022.
Following the personal information of each of the 8 companies in the PTT Group, their performance in 2023 is as follows.
- PTT Public Company Limited or PTT in 2023 had a net profit of 112 billion baht, an increase of 23% from 2022, mainly from a reduction in derivative losses. In terms of sales income of 3.14 trillion baht, a decrease of 6.6% from 2022, the majority of profits come from investments by companies in the PTT Group, which can be divided by type of business into petroleum exploration and production businesses of Public Company subsidiaries PTTEP. Limited or PTTEP 45%, petrochemical and refining business 9%, new infrastructure business and other subsidiaries 17%, and the oil and retail business group 7%, which includes Oil business and Non-Oil business, while profit from natural gas PTT business and international trade business only 22%.
- PTTEP Public Company Limited or PTTEP in 2023 totaled 2,208 million dollars, an increase of 10% from 2022, although sales revenue decreased. But net profit increased Mainly due to losses from oil price hedging contracts. and asset impairment losses decreased. Including this year there was a profit from the sale of the share of the investment in the AC/RL 7 (Cash-Maple) project.
- PTT Global Chemical Public Company Limited or PTTGC has a total net profit of 999 million baht, growing 111% from 2022 despite losses from normal operations. But there was an accounting profit from exchange rates and a profit from financial derivative instruments totaling 790 million baht, as well as the sale of GCL shares as mentioned above. The value is about 2,640 million baht.
- PTT Oil and Retail Business Public Company Limited (OR) in 2023 had a net profit of 11.1 billion baht, an increase of 7% from 2022 of EBITDA which increased 598 million baht from 2022 of the volume Oil sales increased following the economic recovery of Thailand and foreign countries in the region. Including the return of the tourism sector. As a result, the sales volume of jet fuel products has increased.
- IRPC Public Company Limited or IRPC in 2023 had a net operating loss of 2.92 billion baht, a decrease of 33% from 2022, because the average selling price decreased by 22% from 2022 following the adjusted crude oil price decreased. For the petroleum business, there was a decrease in market refining gross margin (Market GRM) due to the product price differential compared to the Dubai crude oil price which was falling in line with the Dubai crude oil price.
- Global Power Synergy Public Company Limited or GPSC in 2023 has a net profit of 3.69 billion baht, an increase of 314% from 2022, with revenue of 90.3 billion baht, a decrease of 27% from the previous year, mainly due to energy costs. decreases This causes the average selling price of electricity and steam to decrease. while the Gheco-One power plant has received an order to stop operating from March-December 2023 by EGAT, which caused electric energy revenue (EP) to decrease according to the electricity billing plan. But the Gheco-One power plant also receives availability payment income from the willingness to operate the machine throughout the year. As a result, IPP’s gross profit remains at a good level.
- Thai Oil Public Company Limited or TOP in 2023 had a net profit of 19.4 billion baht, a decrease of 40% from 2022, while sales income was 459 billion baht, a decrease of 9% from 2022. In 2023, Thai Oil refinery has increased refine capacity utilization rate. Overall product sales volume is similar to the original. Meanwhile, the average selling price fell significantly, resulting in sales income.
- Global Green Chemicals Public Company Limited or GGC in 2023 had a net operating loss of 262 million baht, down 29% from 2022, with sales income of 17.7 billion baht, down 29% from 2022, with Adjusted EBITDA The amount was 812 million baht, a decrease of 62% from 2022. The company realized the effect of Stock Loss and NRV in the amount of 341 million baht.
drawing: Pornwales Chuangputsa
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