PTT Global Chemical Public Company Limited (SET: PTTGC) has announced its 2Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q22 | 2Q21 |
| Net Profit (Loss) Million Baht |
1,388.26 | 25,034.73 |
| Earning Per Share (Baht) |
0.3100 | 5.5800 |
| % Change | -94.45 | |
| 6 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
5,599.93 | 34,729.60 |
| Earning Per Share (Baht) | 1.2400 | 7.7400 |
| % Change | -83.88 | |
PTTGC reported a net profit of Baht 1,388 million in 2Q22, decreased 94.45% from a net profit of Baht 25,034 million in 2Q21.
The company had total sales revenue of Baht 196,397 million, an increase of 76% from 2Q21. The revenue has grown continuously supported by the rise of petroleum products tracking with crude oil prices and the demand recovery from easing of COVID-19 lockdown restrictions.
In terms of sales volume, in this quarter, the Company’s sales volume decreased mainly from planned maintenance shutdown of Olefins 3 plant and Aromatics 1 plant, including LDPE and LLDPE. However, the Company had Adjusted EBITDA of Baht 21,029 million in this quarter, increased from 2Q21 by 29%.
Loss from commodity hedging of Baht 12,734 million as the product spread was higher compared to the hedged prices of the commodity hedging which consists of realized loss of Baht 11,598 million and Unrealized loss of Baht 1,136 million.
Additionally, the Company had Foreign Exchange loss in 2Q22 by Baht 4,378 million due to the depreciation in Baht currency.
