PTC readies IPO amid rail expansion planMr Weerawat expects the company's initial public offering and share trading to begin during the first quarter this year. Premier Tank Corporation Plc (PTC) is preparing to be the first fuel tank storage provider in Thailand to raise funds on the Market for Alternative Investment (MAI). The rail transport extension project is expected to require a budget of 110-120 million baht. Its total revenue in the three years from 2018 to 2020 stood at 162 million baht, 176 million and 253 million respectively, with net profit recorded at 75 million baht, 54 million and 111 million respectively, according to the company. Revenue in the first nine months of last year dropped by 11% to 166 million baht from the same period in 2020.

Source: Bangkok Post January 20, 2022 04:09 UTC