PTG Energy Public Company Limited (SET: PTG) has announced its 3Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q23 | 3Q22 |
| Net Profit (Loss) Million Baht |
19.44 | 177.00 |
| Earning Per Share (Baht) |
0.0100 | 0.1100 |
| % Change | -89.02 | |
| 9 Months | 2023 | 2022 |
| Net Profit (Loss) Million Baht |
409.28 | 937.71 |
| Earning Per Share (Baht) | 0.24 | 0.56 |
| % Change | -56.35 | |
PTG reported a net profit of 20 million baht, representing a decrease by 90% from the same period of last year.
In 3Q23, PTG saw a reduction in oil sales volume compared to the previous quarter, influenced by seasonal factors, along with the new government’s policy in lowering Diesel retail price of THB 2.00 per liter, which was effective from September 20, 2023 to December 31,2023. The Oil business gross profit remained the largest proportion of total gross profit at 78.6%.
Revenue from Sales and Services in 3Q23 was equivalent to 47,548 million baht, increased by 5.3% YoY, but declined by 6.4% QoQ, which mainly as a result of the Oil Business. The Revenue from Sales and Services of the Oil Business stood at 44,106 million baht, an increase of 3.5% YoY with a decrease of 7.1% QoQ. In this regard, the revenue contribution from the Oil Business accounted for 92.8% of the total revenue. The Non-Oil Business revenue also grew continuously by 34.7% YoY and 3.2% QoQ to 3,442 million baht with a contribution of 7.2%.
In terms of the overall fuel consumption in the 3Q23 was a slight growth of 0.7% YoY but a decrease of 3.7% QoQ. The diesel consumption remained similar to the previous year but decreased by 5.0% QoQ. The benzene fuel consumption increased by 2.3% YoY, but decreased by 1.1% QoQ.
