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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
Unaudited Financial Statements, Management Discussion and Analysis of Operating Results for 2020
28 January 2021
PTTEP 13061/00-0878/2021
Investor Relations
Tel. +66(0) 2537 4259, +66(0) 2537 4891
28 January 2021
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 2020
Attachment:
1. 2020 Unaudited Financial Statements and consolidated financial statements of PTT Exploration and Production Public Company Limited as of 31 December 2020 and 2019, including English translations
2. Management Discussion and Analysis of Operating Results for 2020, including English translations
1. 2020 Unaudited Financial Statements and consolidated financial statements of PTT Exploration and Production Public Company Limited as of 31 December 2020 and 2019, including English translations
2. Management Discussion and Analysis of Operating Results for 2020, including English translations
PTT Exploration and Production Public Company Limited, or PTTEP, would like to submit its 2020 unaudited financial statements, consolidated financial statements, and Analysis of Operating Results for 2020 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 2020, the Company and its subsidiaries' total revenues were USD 5,357 million (equivalent to 167,418 million baht), a decrease of USD 1,056 million or 16% when compared with USD 6,413 million (equivalent to 198,822 million baht) in 2019. Total expenses were USD 4,076 million (equivalent to 127,297 million baht), a decrease of USD 103 million or 2% when compared with USD 4,179 million (equivalent to 129,448 million baht) of previous year.
The Company and its subsidiaries recorded a net profit of USD 720 million (equivalent to 22,664 million baht) or earnings per share of USD 0.18 (equivalent to 5.65 baht) compared with net profit of USD 1,569 million (equivalent to 48,803 million baht) or earnings per share of USD 0.38 (equivalent to 11.72 baht) in 2019.
The Company and its subsidiaries’ total consolidated assets, as of 31 December 2020 were USD 22,493 million (equivalent to 675,637 million baht), total liabilities were USD 10,694 million (equivalent to 321,226 million baht), and total shareholders’ equities were USD 11,799 million (equivalent to 354,411 million baht). In addition, the Company and its subsidiaries’ total proved reserves as of 31 December 2020 was at 1,074 million barrels of oil equivalent (MMBOE).
Please be informed accordingly.
Sincerely yours,
Phongsthorn Thavisin
Phongsthorn Thavisin
Chief Executive Officer
Unaudited Financial Statements, Management Discussion and Analysis of Operating Results for 2020(as of 28 January 2021)
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.