Thai Oil Plc, Thailand’s biggest refiner, earlier this week said it has returned to a net profit of 2.28 billion baht in the first quarter of this year after a huge net loss of nearly 8.4 billion baht during the last quarter of last year.
However, the first-quarter net profit, derived from the sale revenue of 56.5 billion baht, was about 41 percent lower than that of the same period last year when the sale revenue was recorded at 96.3 billion baht.    
According to the company’s reports to the Stock Exchange …

Thai Oil Plc., the country’s top oil refiner, yesterday said its 2008 net profit has nosedived to only 224 million baht from nearly 19.12 billion baht in the previous year, due to the falling oil prices that hit inventories.
Thai Oil’s managing director Viroj Mavichak said although the sale revenue for the full year had risen to 399.13 billion baht, an increase of about 138 billion baht from the previous year, due to the higher oil prices and the capacity expansions of the company and its subsidiary Thai Paraxylene, the oil …