Targets set for new PTT businessesNational oil and gas conglomerate PTT Group says it intends to maintain the momentum of its new business development, including electric vehicles (EVs), over the next five years. It wants to have new businesses generate 30% of net profit by 2030, whereas last year the new businesses made up less than 1% of total net profit. PTT on Tuesday reported a 23% growth in revenue in the first half of this year to 1.011 trillion baht, up from 824.9 billion baht. Net profit increased fivefold to 57.16 billion baht, up from 10.5 billion baht in the same period last year, said Mr Auttapol. Capital expenditure for PTT is set at 865 billion baht, an increase from 851 billion baht.

Source: Bangkok Post August 17, 2021 23:48 UTC