PTT Public Company Limited (SET: PTT) has announced its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 1Q22 | 1Q21 |
| Net Profit (Loss) Million Baht |
25,570.94 | 32,587.61 |
| Earning Per Share (Baht) |
0.8900 | 1.1400 |
| % Change | -21.53 | |
PTT reported a net profit of Baht 25,570 million in 1Q22, decreased 21.53% from a net profit of Baht 32,587 million in 1Q21. The decrease was mainly due to a significant increase of loss on derivatives primarily from oil and commodity price hedging instruments and higher corporate income taxes despite higher EBITDA and gain on foreign exchange rate.
In 1Q2022 PTT reported EBITDA in an amount of Baht 142,701 million increased by Baht 39,704 million or 38.5% when compared to the first quarter of 2021 (1Q2021) of Baht 102,997 million mainly from the increase in Exploration and Production business’s performance due to higher average selling prices and sales volume.
The loss from hedging in 1Q22 was Baht 48,979 million, increased more than 100% from a loss of Baht 7,398 million in 1Q21.
Stock gain increased approximately Baht 11,000 million regarding to crude oil price increased in the higher extent compared to the same period of last year.
