2024-05-08 11:31:46
Mr. Disthat Panyarachun, Managing Director of PTT Oil and Retail Business Public Company Limited (OR), revealed that OR’s operating results in the first quarter of 2024 had a net profit of 3,723 million baht, improved from the last quarter, by more than 100%. for EBITDA at 6.173 million baht, an increase of 3.650 million baht or more than 100% compared to the 4th quarter of 2023, increasing in each business group. The Mobility business group saw its overall average gross margin per liter improve. Like the Global group of companies, the average gross profit per liter has recovered in the Philippines. For the Lifestyle business group, food and beverage retail activities increased. and other retail groups and overall net operating expenses decreased
Meanwhile, OR said that in Q1 2024, there was a net profit of 3.72 billion baht, or a net profit per share of 0.31 baht, compared to the same period of the year last with a net profit of 2.98 billion baht, a net profit. per share of 0.25 baht.
In the first quarter of last year, OR continued to strengthen its lifestyle business. Advance in the health and beauty industry by collaborating with business partners nationally and internationally. from Japan and South Korea and will soon launch its first store. In addition, OR is also committed to adjusting the business focus towards the transition to a low-carbon society across OR’s various platforms, which cover both the Mobility business group and the Mobility business group. Lifestyle business. of carbon neutrality in 2030 and Net Zero in 2050, whether it involves being a pioneer in the energy of the future to respond to the energy transition, developing a future platform to support the energy transition and experiencing a varied life. and push the business value chain to be green across the entire operating room ecosystem.
Additionally, OR received a corporate credit rating of “AA+” from TRIS Ratings (TRIS), with a stable credit rating trend for the second consecutive year, reflecting its success and operating results exceptional. and a solid financial situation as well. And this year, Growing Potatos Because We Love Mother Public Company Limited or OKJ, in which OR is a 20% shareholder, submitted a registration statement and a draft letter of invitation (deposit) to the Office of the Board of Directors of the Securities and Exchange Commission (SEC Office) to offer additional shares to the public for the first time (IPO), which demonstrates the growth and success of OR’s business partners by utilizing OR’s potential with partners who have. the potential to create business opportunities together In line with OR’s vision “full of opportunities For common growth” “Empowering all to achieve inclusive growth”
More recently, OR introduced the SAP S/4HANA system to promote the potential to work within the organization and with business partners to grow together sustainably. and officially began use on May 1, 2024. This is an important milestone in OR’s digital transformation journey that helps drive the organization’s business with data (Data-Driven Organization). It is considered a historic step in bringing SAP’s latest innovation which combines). The energy and retail business management functions are the first in Southeast Asia. Increase competitive capacity Supports sustainable future business growth
By InfoQuest news agency (May 8, 2024)
Keywords: OR, Disthat Panyarachun, PTT oil and retail, Thai stocks
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