PTG investment budget Bt5 bn
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PTG Energy has set aside an investment budget of Bt5 billion to increase revenue by as much as 40 per cent this year, chief executive officer Pitak Ratchakitprakarn said in a press release yesterday.
Up to Bt3.5 billion will be spent to renovate its oilrelated business, Bt500 million will focus on its nonoil business, and Bt1 billion will be used to establish more service stations. It now has 1,400 petrol stations and plans to have 1,800 by the end of this year.
Last year, the company reported revenue of Bt64.92 bilฌlion and net profit of Bt1.07 bilฌlion, up 20 per cent and 65 per cent respectively from 2015.
