State-owned PTT Plc, Thailand’s largest conglomerate, reported a 42.9% jump in net profit to 135.2 billion baht in 2017 due to improved performances in all business groups. President and CEO Tevin Vongvanich said the natural gas, petrochemical and refinery businesses benefited from higher oil prices. Its flagship PTT Exploration and Production Plc also showed robust performance on higher oil prices. In the fourth quarter last year, PTT and its subsidiaries posted an 85% year-on-year jump in net profit to 35.4 billion baht. PTT shares closed up 0.41% to 490 baht in trade worth 2 billion baht before the operating results were filed with the Stock Exchange of Thailand on Tuesday.

Source: Bangkok Post February 20, 2018 13:18 UTC