SET Notification

Unaudited Financial Statements, Management Discussion and Analysis of Operating Results for 2018

30 January 2019

 
PTTEP 13061/00-0253/2019                                                                                   

Investor Relations
Tel. +66(0) 2537 4868, +66(0) 2537 5843
 
30 January 2019
 
President
The Stock Exchange of Thailand
93 Ratchadapisek Road, Din Daeng
Bangkok 10400
 
Dear Sir,
 
Subject:           Unaudited Financial Statements, Management Discussion and Analysis of Operating Results for 2018
 
 
 
PTT Exploration and Production Public Company Limited, or PTTEP, would like to submit its 2018 unaudited financial statements, consolidated financial statements, and Analysis of Operating Results for 2018 as per attachments 1 and 2. These attached financial statements have already been approved by the Audit Committee and PTTEP Board of Directors on the basis that information is accurately represented and sufficient for investors.
 
For 2018, the Company and its subsidiaries' total revenues were USD 5,459 million (equivalent to 176,687 million baht), an increase of USD 936 million or 21% when compared with USD 4,523 million (equivalent to 153,198 million baht) in 2017. Total expenses were USD 3,614 million (equivalent to 116,973 million baht), a decrease of USD 146 million or 4% when compared with USD 3,760 million (equivalent to 126,949 million baht) of previous year.
 
The Company and its subsidiaries recorded a net profit of USD 1,120 million (equivalent to 36,206 million baht) or earnings per share from continuing operations of USD 0.27 (equivalent to 8.69 baht) compared with net profit of USD 594 million (equivalent to 20,579 million baht) or earnings per share from continuing operations of USD 0.13 (equivalent to 4.54 baht) in 2017.
 
The Company and its subsidiaries’ total consolidated assets, as of 31 December 2018 were USD 19,571 million (equivalent to 635,087 million baht), total liabilities were USD 7,551 million (equivalent to 245,024 million baht), and total shareholders’ equities were USD 12,020 million (equivalent to 390,063 million baht). In addition, the Company’s total proved reserves as of 31 December 2018 was at 677 million barrels of oil equivalent (MMBOE).
 
Please be informed accordingly.
 
 
Sincerely yours,
 
Phongsthorn Thavisin
 
Phongsthorn Thavisin
President and Chief Executive Officer