IRPC Public Company Limited (SET: IRPC) has announced its 2021 consolidated financial statement throughout the Stock Exchange of Thailand as follows;
| Yearly | 2021 | 2020 |
| Net Profit (Loss) Million Baht |
14,504.62 | -6,151.70 |
| Earning Per Share (Baht) | 0.71 | -0.30 |
IRPC reported a net profit of 14,504 million baht in 2021, improved from a net loss of 6,151 million baht in 2020. The turnaround was mainly due to an increase in sales, Market GIM, and stock gain in 2021.
In 2021, the company registered net sales of Baht 235,174 million, increased by 54% from those in 2020. This attributed to a 55% increase in average selling prices following higher crude oil price versus a 1% decrease in sales volume. The average crude intake was 192,000 barrels per day, similar to that in 2020.
The Market Gross Integrated Margin (Market GIM) was Baht 29,588 million (USD 13.12 per barrel) rising by 52% following an increase in both petroleum and petrochemical products spreads as the COVID-19 pandemic continued to unwind after widespread vaccination as well as lockdown lifts in several countries, while the crude premium rose.
In 2021, IRPC had the net stock gain of Baht 11,104 million or USD 4.92 per barrel involving the stock gain of Baht 13,112 million while the loss on Lower of Cost or Market (LCM) of Baht 54 million and the realized oil hedging loss of Baht 1,954 million compared to the net stock loss of Baht 1,589 million or USD 0.72 per barrel in 2020.
The Board of Directors of IRPC approved a dividend payment of Bt0.14 per share to be paid on April 22, 2022. The ex-dividend date is February 22, 2022.
