#IRPC #ThanHoon-IRPC Public Company Limited or IRPC informed the Stock Exchange of Thailand that in 2022 it lost 4,363.62 million baht, compared to the year 2021 with a profit of 14,504.62 million baht, with the company’s net sales revenue in 2022 amounting to 318,396 million baht, an increase of 35% due to an increase in average selling prices of 43% following the increase in crude oil prices. Although the sales volume decreased by 8%, the refinery had a refining rate of 175,000 barrels per day, down 9% due to a planned major change in the fourth quarter of 2022, about 1 month.
The company’s gross profit from production according to the market price (Market GIM) was 23,761 million baht, a decrease of 20% due to a decrease in petrochemical product spreads. In addition, the cost of crude premium increased while the spread of petroleum products increased significantly. Especially diesel and gasoline.
The crude oil price situation in 2022 increased significantly from 2021 at an average price of $69.24 per barrel to $96.34 per barrel. This is mainly due to the conflict situation between Russia and Ukraine. While concerns about inflation continue to rise. and economic recession This was a factor that lowered crude oil prices towards the end of the year. As a result, the company recorded a Net Stock Loss totaling 6,348 million baht or 2.82 USD per barrel.
**Investment plan for 5 years
The Board of Directors has approved a 5-year investment plan (Year 2023-2027), with a total of 36,456 million baht, with the following details:
