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...the sea has become our home and so we are conscious of our responsibilities...
PTTEP is E&P company in Thailand, exploring for sustainable sources of petroleum for the countries we operate
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Investor Relations
SET Notification
Reviewed Financial Statements, Management Discussion and Analysis for the second quarter of 2020
30 July 2020
PTTEP 13061/00-5603/2020
Investor Relations Tel. +66(0) 2537 4868, +66(0) 2537 5843
30 July 2020
President
The Stock Exchange of Thailand
93 Ratchadapisek Road, Din Daeng
Bangkok 10400
Dear Sir,
Subject: Reviewed Financial Statements, Management Discussion and Analysis for the second quarter of 2020
Attachment:
1. Reviewed Financial Statements of PTT Exploration and Production Public Company Limited and Subsidiaries for the period of three months and six months ended 30 June 2020, including English translations
2. Management Discussion and Analysis for the second quarter of 2020, including English translations
1. Reviewed Financial Statements of PTT Exploration and Production Public Company Limited and Subsidiaries for the period of three months and six months ended 30 June 2020, including English translations
2. Management Discussion and Analysis for the second quarter of 2020, including English translations
PTT Exploration and Production Public Company Limited, or PTTEP, would like to submit the Reviewed Financial Statements of PTTEP and its subsidiaries (the Company) for the period of three months and six months ended 30 June 2020 and Management Discussion and Analysis for the second quarter of 2020 as per attachment 1 and 2. These attached financial statements have been reviewed by the independent auditor from PricewaterhouseCoopers ABAS Ltd., and the Audit Committee on the basis that information is accurately represented and sufficient for investors. The consolidated financial statements can be summarized as follows:
For the second quarter of 2020, the Company total revenues were USD 1,095 million (equivalent to 34,954 million baht), a decrease of USD 478 million when compared with USD 1,573 million (equivalent to 49,683 million baht) in the second quarter of 2019. Total expenses were USD 1,028 million (equivalent to 32,751 million baht), an increase of USD 71 million when compared with USD 957 million (equivalent to 30,189 million baht) in the second quarter of 2019.
The Company recorded net profit of USD 134 million (equivalent to 4,323 million baht) or earnings per share of USD 0.03 (equivalent to 1.08 baht), decreasing from 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) in the second quarter of 2019.
The financial position of the Company remains solid. As of 30 June 2020, the Company’s total consolidated assets were USD 21,769 million (equivalent to 672,438 million baht), which included cash and short-term investments of USD 3,090 million (equivalent to 95,448 million baht). Total liabilities were USD 10,078 million (equivalent to 311,308 million baht) including interest-bearing debt of USD 3,883 million (equivalent to 119,938 million baht) and total shareholders’ equities were USD 11,691 million (equivalent to 361,131 million baht).
Please be informed accordingly.
Sincerely yours,
Phongsthorn Thavisin
Phongsthorn Thavisin
President and Chief Executive Officer
PTT Exploration and Production Public Company Limited
555/1 Energy Complex Building A, Floors 19-36th
Vibhavadi-Rangsit Rd., Chatuchak, Chatuchak, Bangkok 10900
Vibhavadi-Rangsit Rd., Chatuchak, Chatuchak, Bangkok 10900
Phone : 66 (0) 2537-4000
Fax : 66 (0) 2537-4444
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Copyright © PTT Exploration and Production Plc. All Rights Reserved.