PTG Energy Public Company Limited (SET: PTG) has announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Yearly | 2021 | 2020 |
| Net Profit (Loss) Million Baht |
1,006.37 | 1,894.04 |
| Earning Per Share (Baht) | 0.60 | 1.13 |
| % Change | -46.87 | |
PTG reported a net profit of 1,006 million baht in 2021, decreased 46.87% from a net profit of 1,894 million baht in 2020. The decrease was mainly due to the spread of the COVID-19 virus and the effect of the diesel fuel price-cap at 30 baht per liter.
Revenue from sales and services was 133,759 million baht in 2021, increased 28.1% YoY, due to the average retail oil prices rising about 26.3% YoY. Revenue from the oil business accounted for 95.4% of the total revenue from sales and services. Moreover, total oil sales volume through all channels increased 5,020 million liters, up 1.2% YoY, which was able to grow as the Company’s target, between 1-4%. However, Same Store Sales declined 3.0% due to the ongoing COVID-19 epidemic situation.
Revenue from Non- Oil business accounted for 4. 2% of the total revenue from sales and services, increasing 5,624 million baht or 33.1% YoY. The primary growth came from the LPG, food and beverage, and Maxmart business.
Cost of sales and services was 123,627 million baht, an increase of 31.8% YoY due to the rise in WTI crude oil prices at the level of 67.9 dollar/barrel, an increase of 70.7% YoY. In addition, the retail oil price was affected by the government’s request for cooperation in maintaining the diesel price of not more than 30 baht, resulting in the retail oil price adjusting more slowly than the rising cost. As a result, PTG recorded a gross profit of 10,132 million baht, a decrease of 4. 4% . The portion of Non-Oil businesses was a slight increase of 11.5% last year. The Non-Oil business divided into LPG business 6.2%, food and beverage business 3.3%, and Max Mart and other businesses 5.1%.
In addition, the Board of Directors approved a dividend payment of THB 0.25 per share to be paid on 20 May 2022. The ex-dividend date is 10 March 2022.
