PTG Energy Public Company Limited (SET: PTG) announced its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q22 | 3Q21 |
| Net Profit (Loss)
Million Baht |
177.00 | 63.00 |
| Earning Per Share
(Baht) |
0.1100 | 0.0400 |
| % Change | 180.95 | |
| 9 Months | 2022 | 2021 |
| Net Profit (Loss)
Million Baht |
937.71 | 1,092.09 |
| Earning Per Share (Baht) | 0.5600 | 0.6500 |
| % Change | -14.14 | |
Net Profit was 181 million baht in the third quarter of 2022, increased by 179.6% YoY and decreased by 70.2% QoQ.
The revenue from the Oil Business accounted for 94.3% of total revenue from sales and services with the average oil retail price was equivalent to 33.32 baht per liter, an increase of 26.0% YoY and 3.3%QoQ, and Oil sales volume from every channel rose by 15.5% YoY but decreased by 6.5% QoQ to 1,278 million liters, compared to the previous year was mainly due to the overall relaxation of the COVID-19 restriction, but lower than previous quarter was primarily due to the low seasonality from monsoon.
The Non-Oil Businesses revenue also grew continuously by 95.5% YoY and 17.6% QoQ to 2,556 million baht in the third quarter of 2022 which revenue contribution from the Non-Oil Businesses was 5.7% of total revenue, an increase from the contribution of 4.3% in the same period last year and 4.7% in the previous quarter.
Gross Profit was at 3,124 million baht, which increased by 30.6% YoY but declined by 8.9% QoQ its was attributable to the Oil Business, from the higher of aforementioned sales volume as well as the retail price adjustment which in accordance with the rising cost of oil along with the effective cost management and Non-Oil Businesses also grew constantly which was equivalent to 582 million baht, increased by 84.8% YoY and 5.9% QoQ.
The Board of Directors of PTG also approved a dividend payment of THB0.20 per share to be paid on December 14, 2022 with an ex-dividend date on November 28, 2022.
