Home » Business » PTT Oil and Retail Business Public Company Limited Reports Decrease in Earnings for Q2 due to Lower Oil Prices

PTT Oil and Retail Business Public Company Limited Reports Decrease in Earnings for Q2 due to Lower Oil Prices

PTT Oil and Retail Business Public Company Limited Reports Decrease in Earnings for Q2 due to Lower Oil Prices

PTT Oil and Retail Business Public Company Limited or OR Reported earnings for the second quarter of this year with revenue of 187,708 million baht, a decrease of 4.9% from the previous quarter (11% decrease from the previous year), mainly due to lower oil prices. According to oil prices in the world market due to concerns about the economic recession in many countries.

In the second quarter, profit was 2,757 million baht, down 7.3% from the previous quarter (down 58% from the previous year).

In the first half of the year, OR’s revenue was 385,122 million baht, a decrease of 0.9% from the previous year, while the profit was 5,732 million baht, a decrease of 45% from the previous year’s profit of 10,413 million baht, as a result of lower oil prices. reduce which goes against the increase in oil sales volume especially jet fuel

Summary of revenue and profit for the first half of 2023 by business group

1. Mobility business

– Revenue 359,355 million baht, down 0.9% from the previous year, profit 5,452 million baht, down 50.9% from the previous year

– Gas stations in the first half of the year 2023 at 2,183 locations, an increase of 80 locations.

– 410 EV Station PluZ, an increase of 298

– 236 LPG service stations, 2 more

– Oil sales volume in retail and commercial markets was 13,907 million liters, an increase of 2.4%.

2. Lifestyle business

– Revenue 10,973 million baht, an increase of 9.1% from the previous year, profit 1,838 million baht, a decrease of 1.9% from the previous year

– Café Amazon in the first half of 2023, there are 4,007 branches, an increase of 279 branches.

– In the second quarter of this year, Cafe Amazon had a sales volume of 93 million glasses, an increase of 2.2% from the previous year, and the total in the first half of the year was 184 million glasses, an increase of 5.7% from the previous year due to seasonal factors and promotional activities.

– Texas Chicken 107 branches, an increase of 9 branches

– 117 other food and beverage outlets including Pearly Tea and Pacamara Coffee

– convenience store (Jiffy and 7-Eleven) 2,172 branches increased by 80 branches

3. Global business

– Revenue 25,033 million baht, down 4.4% from the previous year, profit 512 million baht, down 19.4% from the previous year

– Overseas gas stations (Philippines, Cambodia, Laos) in the first half of 2023 totaling 904 locations, an increase of 19% from the previous year.

– Cafe Amazon stores abroad (Philippines, Cambodia, Laos, Vietnam, China) totaling 364 branches, increasing by 41 branches

– Cafe Amazon sales volume abroad 13.8 million glasses, an increase of 23.3% from the previous year.


2023-08-09 13:20:45
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