PTT announces operating results for 2023, showing a profit of 112 billion baht, plans to pay dividends of 1.20 baht per share, sending almost 80 billion baht to the government.
Mr revealed Atthaphon Rerkphiboon, CEO and President of PTT Public Company Limited, the operating results of PTT and its subsidiaries in 2023 with a net profit of 112,024 million baht, an increase from 2022, which had a net profit totaling 91,175 million baht. .
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It is caused by Reducing operating costs by more than 13,000 million baht, together with the fact that the PTT Group in 2023 reduced losses from derivative instruments to protect against commodity price risks. And there will be an increase in foreign exchange profits following the strengthening of the baht in 2023.
Although operating profit before depreciation and amortization Financial costs and income tax (EBITDA) of the PTT Group decreased, mainly from the petrochemical and refining business groups. with gross margin from refining (GRM of the Market) falling again from 2022
In addition, in 2023, the PTT Group has increased oil stock losses. following the direction of lower oil prices In addition, the operating results of the petroleum exploration and production business decreased from a decrease in the average sales price and average sales volume. In addition, other business groups had reduced operating results.
As for most of the profit share, it comes from investments in companies in the PTT Group, which is a business that competes freely domestically and abroad. Divided by type of business as Petroleum exploration and production business 45%, petrochemical and refining business 9%, new business and infrastructure
and other 17% subsidiaries, which have operating results from the future energy business and new businesses from Avaada Energy Private Limited (Avaada), which has invested in a solar power plant project in India, and from Lotus Pharmaceutical Company Limited ( Lotus) which operates the business of manufacturing and distributing generic drugs. in Taiwan
and the oil and retail business group, 7%, which includes the oil business and non-oil businesses such as coffee and convenience stores. with a profit per revenue of only 1%, while the profit from PTT’s natural gas business and international trade business was only 22%
Dividends at a rate of 1.20 baht per share.
The PTT Board of Directors has decided to pay dividends for the operating results of 2023 at a rate of 2.00 baht per share. The interim dividend has already been paid at a rate of 0.80 baht per share in September 2023. A dividend remains to be paid at the rate per share 1.20 baht
Send money to the state of 78 billion baht
The Ministry of Finance as the main shareholder and the Vayupak Fund receive dividends totaling about 36 billion baht and when combined with the corporate income tax of PTT and its subsidiaries, about another 42 billion baht. Together, the PTT Group has provided the government with approximately 78 billion baht in revenue from business operations in 2023.
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