SET Notification

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

25 April 2019

 
PTTEP 13061/00-4115/2019                                                                            

Investor Relations Tel. +66(0) 2537 4868, +66(0) 2537 5843

25 April 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 first 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 ended 31 March 2019 and Management Discussion and Analysis for the first 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 first quarter of 2019, the Company total revenues were USD 1,428 million (equivalent to 45,147 million baht), an increase of USD 188 million when compared with USD 1,240 million (equivalent to 39,105 million baht) in the first quarter of 2018. Total expenses were USD 929 million (equivalent to 29,377 million baht), an increase of USD 115 million when compared with USD 814 million (equivalent to 25,678 million baht) in the first quarter of 2018.
 
The Company recorded net profit of USD 394 million (equivalent to 12,479 million baht) or earnings per share of USD 0.10 (equivalent to 3.03 baht) compared with 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) in the first quarter of 2018.
 
The financial position of the Company remains solid. As of 31 March 2019, the Company total consolidated assets were USD 20,150 million (equivalent to 641,007 million baht), which included cash and short-term investments of USD 4,357 million (equivalent to 138,594 million baht). Total liabilities were USD 8,155 million (equivalent to 259,419 million baht) including interest-bearing debt of USD 1,961 million (equivalent to 62,384 million baht) and total shareholders’ equities were USD 11,995 million (equivalent to 381,588 million baht).
 
Please be informed accordingly.
 
 
Sincerely yours,
 
Phongsthorn Thavisin
 
Phongsthorn Thavisin
President and Chief Executive Officer