22 February 2010 02:34 [Source: ICIS news]
SINGAPORE (ICIS news)--Thailand’s major oil and gas group PTT reported on Monday a fourth-quarter net profit of Thai baht (Bht) 15.2bn ($458m), reversing a loss of Bht22.2bn in the same period in 2008, on the back of strong sales.
Sales for the October-to-December 2009 period jumped 40% year on year to Bht451bn, mainly due to higher product prices, the company said in a disclosure to The Stock Exchange of Thailand.
PTT’s earnings before interest, tax, depreciation and amortisation (EBITDA) in the fourth quarter surged 84% year on year to Bht40.8bn, the company said.
Its petrochemical segment posted a Bht129m earnings before interests and taxes (EBIT) in the December quarter against a loss of Bht186m in the same period in 2008, PTT said.
For the full year, the company said group net profit rose 15% to Bht59.6bn although sales fell 21% to Bht1,586bn.
($1 = Bht33.16)
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections