Bangkok, PTT reveals 1Q24 operating results, moving forward as planned. Aiming at developing society and the quality of life of Thai people for sustainable growth.
Dr. Kongkrapan Intarajang, Chief Executive Officer and President of PTT Public Company Limited, revealed that for the first quarter of 2024, PTT and its subsidiaries had a net profit of 28,968 million baht, an increase of 1,113 million baht. or 4.0 percent from the net profit of 27,855 million baht in the first quarter of 2023, with the majority of the net profit coming from the operations of PTT subsidiaries both domestically and abroad, consisting of 44% of the petroleum exploration and production business. new and infrastructure and other subsidiaries 39%, the oil and retail business group 10%, and the petrochemical and refining business 5%, and came from the operating results of PTT, accounting for 2%, which decreased from the first quarter of 2023. In the first quarter In 2024, PTT has invested approximately 6,000 million baht in response to
government policy to drive the Thai economy, mainly from investments in energy infrastructure businesses such as natural gas pipelines. and a natural gas separation plant. In addition, in the first quarter of 2024, PTT sent money to the government in the form of income tax for the PTT Group in the amount of 10,600 million baht.
PTT is committed to its mission to create energy security. Raise the country’s competitiveness towards world-class growth. Ready to join in developing society and the quality of life of Thai people to grow sustainably together. In the first quarter of the past, Plant and Bean (Thailand) Company, a producer and distributor of plant-based protein food (Plant-Based food) ) under Nutra Regenerative Protein Co. Ltd: NRPT, a joint venture between Innobic (Asia) Co., Ltd. (Innobic) (a subsidiary TAT holds 100% of the shares) and Nove Foods Company Limited (a subsidiary of NR Instant Produce Public Company Limited: NRF) have passed the international food safety standard assessment ‘BRC. Globa
l Food Safety Standard (Issue 9): BRC’ at the Grade A level and received BRCGS Plant-Based certification for the production and distribution of plant-based food products, being the first company in the ASEAN region. Expand new business that goes beyond energy Raise the competitiveness of the country’s new industries. In addition, to achieve the goal of carbon neutrality (Carbon Neutrality) in 2040 and net zero greenhouse gas emissions (Net Zero Emissions) by 2050, PTT. More than 86,000 rai of forest has been planted since 2023, and most recently, ‘Landscaping Project @ Prem Prachakorn Canal’ joins in creating more than 10 rai of green space to become a royal garden in honor of His Majesty the King. On the auspicious occasion of His Majesty the King Celebrating His Majesty the King’s 6th Birthday Anniversary
‘For 45 years, PTT has been committed to maintaining stability and energy security for the country. Driving the Thai economy to grow Along with taking care of society, community and the environment. To im
prove the quality of life of Thai people, be a power that is passed on Toward a sustainable tomorrow of every Thai person,’ said Dr. Kongkrapan
Source: Thai News Agency