PTG Energy Public Company Limited (SET: PTG) has announced its 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss) Million Baht |
70.19 | 19.44 |
| Earning Per Share (Baht) |
0.0400 | 0.0100 |
| % Change | 261.13 | |
| 9 Months | 9M24 | 9M23 |
| Net Profit (Loss) Million Baht |
793.41 | 408.28 |
| Earning Per Share (Baht) | 0.48 | 0.24 |
| % Change | 94.33 | |
PTG reported a net profit of 70 million baht in 3Q24, representing an increase by 261% from the same period of last year. The increase was mainly due to a surge in oil business revenue and an increase in share of profit from investment.
PTG recorded Revenue from Sales and Services amounting to 54,395 million baht, marking a 14.4% YoY increase but a 5.8% decrease QoQ. This revenue change, compared to both the previous quarter and the same quarter last year, was primarily driven by the Oil Business, with revenue reaching 50,084 million baht, up 13.6% YoY. This growth was due to increased oil sales volume across all channels, achieving the Company’s target of 10-15% YoY.
Consequently, the Company’s market share via service stations was 21.5% in 3Q2024, a slight decline from 22.3% in the previous quarter, but a significant increase from 19.2% YoY.
The Non-Oil Business continued its significant growth, achieving 25.2% YoY and 4.1% QoQ, reaching 4,311 million baht. This growth was driven by Punthai Coffee and other Non-Oil Businesses. For Punthai Coffee’s revenue increased by 77.6% YoY and 10.7% QoQ to 573 million baht, due to ongoing branch expansions. By the end of 3Q2024, the Company had a total of 1,126 Punthai Coffee branches, an increase of 48.9% YoY and 9.5% QoQ. This growth was further supported by consistent patronage of PT Max Card and PT Max Card Plus members, along with continuous marketing campaigns.
Additionally, the Company’s Board of Directors approved an interim dividend payment of 0.10 Baht per share to common shareholders, with the ex-dividend date (XD) on November 26, 2024. The dividend will be paid on December 12, 2024.
