PTT Public Company Limited (SET: PTT) has announced its 2Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q22 | 2Q21 |
| Net Profit (Loss) Million Baht |
38,847.75 | 24,578.66 |
| Earning Per Share (Baht) |
1.3700 | 0.8600 |
| % Change | 58.05 | |
| 6 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
64,418.69 | 57,166.28 |
| Earning Per Share (Baht) | 2.2600 | 2.0000 |
| % Change | 12.69 | |
PTT reported a net profit of Baht 38,842 million in 2Q22, increased 58.05% from a net profit of Baht 24,578 million in 2Q21, following higher EBITDA.
In the second quarter of 2022 (2Q2022), sales revenue of PTT and its subsidiaries was reported at Baht 926,954 million increased by Baht 393,698 million or 73.8% from the second quarter of 2021 (2Q2021) at Baht 533,256 million from all businesses.
EBITDA in 2Q22 was Baht 182,768 million, increased by Baht 69,602 million or 61.5% from 2Q2021 of Baht 113,166 million mainly from Petrochemical and Refining businesses which performance increased from the improved Refining business that had market GRM rose from the sharp increase of most product spreads as well as higher sales volume and stock gain. Moreover, PTT Group’s stock gain increased approximately Baht 7,000 million as crude oil price increased to a higher extent compared to the same period of last year.
In addition, there was gain from the recognition of non-recurring items (PTT’s portion) after tax in 2Q2022 mainly from PTT’s discounted benefit from production shortfall approximately Baht 1,000 million. While, in 2Q2021, there was loss from the recognition of non-recurring items (PTT’s portion) after tax mainly from GC’s loss on impairment of investment in JV approximately Baht 1,500 million. However, in 2Q2022, there were higher loss on derivatives, corporate income taxes, and foreign exchange rate.
