SET Notification

Unreviewed Financial Statements, Management Discussion and Analysis for the first quarter of 2018

26 April 2018

 
PTTEP 13061/00-3515/2018                                                                                   

Investor Relations
Tel. 0-2537-5919, 0-2537-5304, 0-2537-5779,
0-2537-4446, 0-2537-4000 ext. 800-7374

26 April 2018
 
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 first quarter of 2018
 
 
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 ended 31 March 2018 and Management Discussion and Analysis for the first quarter of 2018 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 first quarter of 2018, the Company total revenues were USD 1,240 million (equivalent to 39,105 million baht), an increase of USD 148 million when compared with USD 1,092 million (equivalent to 38,377 million baht) in the first quarter of 2017. Total expenses were USD 814 million (equivalent to 25,678 million baht), an increase of USD 60 million when compared with USD 754 million (equivalent to 26,466 million baht) in the first quarter of 2017.
 
The Company recorded net profit of USD 423 million (equivalent to 13,381 million baht) or earnings per share of USD 0.10 (equivalent to 3.24 baht) compared with net profit of USD 349 million (equivalent to 12,284 million baht) or earnings per share of USD 0.09 (equivalent to 3.01 baht) in the first quarter of 2017.

The financial position of the Company remains solid. As of 31 March 2018, the Company total consolidated assets were USD 19,745 million (equivalent to 616,662 million baht), which included cash and short-term investments of USD 5,095 million (equivalent to 159,121 million baht). Total liabilities were USD 7,816 million (equivalent to 244,091 million baht) including interest-bearing debt of USD 2,866 million (equivalent to 89,517 million baht) and total shareholders’ equities were USD 11,929 million (equivalent to 372,571 million baht).
 
 
Sincerely yours,
 
Somporn Vongvuthipornchai
 
Somporn Vongvuthipornchai
Chief Executive Officer