OR reveals Q1/2023 operating results with a net profit of 2,975 million baht, an improvement from the previous quarter.

2023-05-11 14:16:40

May 11, 2023

press release

Mr. Disatat Panyarachun, Chief Executive Officer of PTT Oil and Retail Company

OR reveals operating results for the first quarter of 2023 with a net profit of 2,975 million baht, an increase of 3,719 million baht or an increase of more than 100% from the previous quarter. Continue to expand and strengthen the Business Value Chain of all business groups. Driving policies into action (OR in Action) through synergies between energy and retail businesses with the concept of SDGs according to the OR model or OR SDG to effectively meet the goals of OR 2030.

Mr. Disatat Panyarachun, Chief Executive Officer of PTT Oil and Retail Business Public Company Limited or OR, revealed that OR’s performance in the first quarter of 2023 had a net profit of 2,975 million baht, an adjustment. Better than the previous quarter by more than 100%, representing an earnings per share of 0.25 baht. For the EBITDA in the first quarter, it was 5,927 million baht, an increase of 4,673 million baht or more than 100% compared to the fourth quarter of 2022 by the Mobility business group. average gross per liter recovered mainly from diesel fuel and gasoline Including sales volume and average gross profit per liter of aviation fuel increased. Likewise, the global business group increased from the overall gross profit that increased according to sales volume and average gross profit per liter. Mainly from Cambodia and Lao PDR, while the Lifestyle business slightly increased from both food and beverage retail business. and other retail businesses

In the past quarter, OR has driven the policy into action (OR in Action) by implementing the approach to creating a sustainable future through SDGs in the style of OR or OR SDG through various activities, in the “S” or “Small “Aiming to create opportunities for the little ones, OR has organized activities “Term Suk Market” in Sakon Nakhon Province Encourage community shops to generate income ready to fill with happiness Emphasizes PTT Station’s community center and leadership in service stations that aim to help communities and has joined forces with Boonrawd Trading Company Limited to launch 2 new products. “Ready-to-drink coffee at Café Amazon” and “Haru Cold Brew Green Tea” are considered to strengthen the food and beverage retail business, which is one of OR’s strategies to create alliances to find business expansion opportunities. In order to more fully and comprehensively meet the needs of consumers for beverages, according to the OR SDG guidelines in the “D” or “DIVERSIFIED” areas, aiming to create opportunities for all forms of growth. Agree on a business cooperation and sustainable development project with PTT Global Chemical Public Company Limited or GC to jointly develop knowledge on sustainability. create energy security and sustainable business operations throughout the value chain and develop business together and also participated in solving the PM 2.5 dust crisis by selling a special formula of low-sulfur oil with an average low sulfur value of about 10 PPM, which is about 5 times lower than the legal value at more than 400 PTT stations, in line with with the OR SDG in terms of “G” or “GREEN” that aims to create a healthy environment (Healthy Environment) to achieve carbon neutrality. (Carbon-neutrality) by 2030, which will lead to the goal of being a sustainable organization with net carbon zero emissions (Net Carbon Zero) by 2050.