PTT posts 42% rise in consolidated net profit for last year
Oil and gas conglomerate PTT on Tuesday posted a consolidated net profit of Bt135.18 billion for last year, some 42.9 per cent higher than the Bt94.609 billion generated in 2016.
The increase was due to the improved performance of the listed company and its subsidiaries in most business areas, PTT said in a filing to the Stock Exchange of Thailand.
PTT’s board has also resolved that the company will establish a wholly owned subsidiary, PTT Treasury Centre Company Limited.
The new unit will conduct business in the area of international headquarters and treasury centre for the purpose of financial and treasury management of the PTT Group.
