PTG Energy assured of earnings jump for 2019
PTG Energy is confident that its earnings before interest, tax, depreciation and amortisation (Ebitda) this year will be 40-50 per cent higher than last year’s thanks to better cost management, president Pitak Ratchakitprakarn said this week.
He said the company had maintained a growth target for oil sales by volume this year of between 16 and 20 per cent, up from 3,921 million litres last year, thanks to high demand and promotional campaigns.
PTG has also maintained an investment target of between Bt4 billion and Bt4.5 billion this year, of which Bt3 billion-Bt3.5 billion will be spent opening more fuel and LPG stations and another Bt500 million on investments outside the oil business.
