SET Notification

Unreviewed Financial Statements, Management Discussion and Analysis for the second quarter of 2019

26 July 2019

 
PTTEP 13061/00-7398/2019                                                                                        

Investor Relations Tel. +66(0) 2537 4868, +66(0) 2537
5843
 
26 July 2019
 
President
The Stock Exchange of Thailand
93 Ratchadapisek Road, Din Daeng
Bangkok 10400
 
Dear Sir,
 
Subject:           Unreviewed Financial Statements, Management Discussion and Analysis for the second quarter of 2019
 
 
 
PTT Exploration and Production Public Company Limited, or PTTEP, would like to submit Unreviewed Financial Statements of PTTEP and its subsidiaries (the Company) for the period of three months and six months ended 30 June 2019 and Management Discussion and Analysis for the second quarter of 2019 as per attachment 1 and 2.  These attached financial statements have already been approved by the Audit Committee on the basis that information is accurately represented and sufficient for investors.
 
For the second quarter of 2019, the Company total revenues were USD 1,573 million (equivalent to 49,683 million baht), an increase of USD 226 million when compared with USD 1,347 million (equivalent to 43,032 million baht) in the second quarter of 2018. Total expenses were USD 957 million (equivalent to 30,189 million baht), an increase of USD 49 million when compared with USD 908 million (equivalent to 28,968 million baht) in the second quarter of 2018.
 
The Company recorded net profit of USD 433 million (equivalent to 13,684 million baht) or earnings per share of USD 0.10 (equivalent to 3.34 baht), increasing from net profit of USD 113 million (equivalent to 3,590 million baht) or earnings per share of USD 0.03 (equivalent to 0.83 baht) in the second quarter of 2018.
 
The financial position of the Company remains solid. As of 30 June 2019, the Company’s total consolidated assets were USD 18,775 million (equivalent to 577,216 million baht), which included cash and short-term investments of USD 3,469 million (equivalent to 106,648 million baht). Total liabilities were USD 6,878 million (equivalent to 211,454 million baht) including interest-bearing debt of USD 2,046 million (equivalent to 62,900 million baht) and total shareholders’ equities were USD 11,897 million (equivalent to 365,762 million baht).
 
Please be informed accordingly.
 
Sincerely yours,
 
 
Phongsthorn Thavisin
 
 
Phongsthorn Thavisin
President and Chief Executive Officer