Thailand’s largest energy firm PTT Plc on Monday reported its 2009 net profit of 59.5 billion baht, an increase of 15 percent or 7.8 billion baht from that of 2008.
In a letter to the Stock Exchange of Thailand (SET), PTT’s president and chief executive officer Prasert Bunsumpun reported that the company’s consolidated net profit in 2009 rose to 59.55 billion from 51.7 billion baht a year earlier, resulting an increase in the earnings per share to 21.06 baht from 18.33 baht in 2008.
Last Friday, PTT had earlier submitted its financial …

Thailand’s PTT Plc has acquired a total of 14.6 million shares, worth about 157 million baht, in Thai Lube Blending Co., Ltd. (TLBC) from TOTAL Oil (Thailand) Co., Ltd. and other shareholders, helping it to fully control the lubricating oil company.
According to a report to the Stock Exchange of Thailand (SET), the country’s largest oil and gas firm PTT on Monday said its wholly owned subsidiary, PTT Retail Business Co., Ltd. (PTTRB), had signed an agreement with TOTAL Oil (Thailand) Co., Ltd. and other shareholders to purchase the 14.6 million …

Thailand’s oil and gas giant PTT Plc last Friday reported that its net profit during the second quarter of this year fell by 33.4 percent, when compared with the same period last year, to about 19.9 billion baht.
According its report to the Stock Exchange of Thailand (SET), PTT said the fall in quarterly net profit was due mainly to the decrease in sales prices in relation to the decrease in global market prices as the average Dubai price decreased by 49.1 percent from US$ 116.5 per barrel in the …

Thailand’s oil and gas powerhouse PTT Plc yesterday reported its net loss of nearly 22.19 billion baht for the fourth quarter of last year, resulting in a drop of 47.1 percent in net profit to 51.7 billion baht for the entire 2008 from the previous year.
In 2007, the country’s top energy firm posted a net profit of 24.48 billion baht in the fourth quarter and a net profit of 97.8 billion baht for the entire year.
PTT’s chief executive officer and president Prasert Bunsumpun stated in a statement submitted to …

Prasert Bunsumpun (right), chief executive officer and president of PTT Plc, is seen signing the MoU with Alfredo Pires (left), the secretary of state for natural resources of Timor-Leste, which was witnessed by Prime Minister Abhisit and President of Timor-Leste Jose Ramos Horta (standing left).
Thailand’s oil and gas conglomerate PTT Plc yesterday signed a memorandum of understanding (MoU) on energy development with Timor-Leste’s Ministry of Natural Resources in a bid to cooperate on energy development with the Southeast Asian republic.
PTT, on behalf of the country’s energy firm, will also provide …