PTT Oil and Retail Business Public Company Limited (SET: OR) has announced its 3Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q22 | 3Q21 |
| Net Profit (Loss) Million Baht |
701 | 1,892 |
| Earning Per Share (Baht) | 0.06 | 0.16 |
| % Change | ||
| 9 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
11,114 | 9,121 |
| Earning Per Share (Baht) | 0.93 | 0.79 |
| % Change | ||
In 3Q22, OR recorded a net profit of THB 701 million, a decrease of THB 5,867 million, leading to an earnings per share of THB 0.06. Sales and services for the quarter was at THB 194,795 million, a decrease of THB 16,636 million from the last quarter, mainly due to the lower petroleum product sales volume and average global oil prices from concerns over global recession, couple with tight supply situation amid sanctions on Russia and the cut of oil production from OPEC+.
EBITDA was at THB 2,647 million in 3Q22, a decrease of THB 7,593 million compared to 2Q22, decreasing in all business segments.
Meanwhile, in 9M22, OR recorded a net profit of THB 11,114 million, an increase of THB 1,993 million from 9M21, mainly due to the increase in both total sales and services and EBITDA by THB 229,557 million and THB 3,437 million, respectively, as a result of economic recovery from COVID-19 where the government applied more easing measures, thus improving the overall performance in all business segments. Sales volume increased in all business segments; however, in 9M22, net operating expenses increased by 18.5%, mainly from variable expenses, in line with the increase in sales from resumption of economic activities.
