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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 2017
26 January 2018
PTTEP 13061/00-0633/2018
Investor Relations Tel. 0-2537-5919, 0-2537-5304, 0-2537-5779, 0-2537-4446, 0-2537-4000 ext. 800-7374
Investor Relations Tel. 0-2537-5919, 0-2537-5304, 0-2537-5779, 0-2537-4446, 0-2537-4000 ext. 800-7374
26 January 2018
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 2017
Attachment:
1. 2017 Unaudited Financial Statements and consolidated financial statements of PTT Exploration and Production Public Company Limited as of 31 December 2017 and 2016, including English translations
2. Management Discussion and Analysis of Operating Results for 2017
1. 2017 Unaudited Financial Statements and consolidated financial statements of PTT Exploration and Production Public Company Limited as of 31 December 2017 and 2016, including English translations
2. Management Discussion and Analysis of Operating Results for 2017
PTT Exploration and Production Public Company Limited, or PTTEP, would like to submit its 2017 unaudited financial statements, consolidated financial statements, and Analysis of Operating Results for 2017 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 2017, the Company and its subsidiaries' total revenues were USD 4,523 million (equivalent to 153,198 million baht), an increase of USD 184 million or 4% when compared with USD 4,339 million (equivalent to 152,745 million baht) in 2016. Total expenses were USD 3,760 million (equivalent to 126,949 million baht), an increase of USD 49 million or 1% when compared with USD 3,711 million (equivalent to 131,019 million baht) of previous year.
The Company and its subsidiaries recorded a 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) compared with net profit of USD 372 million (equivalent to 12,860 million baht) or earnings per share from continuing operations of USD 0.07 (equivalent to 2.54 baht) in 2016.
The Company and its subsidiaries’ total consolidated assets, as of 31 December 2017 were USD 19,220 million (equivalent to 628,121 million baht), total liabilities were USD 7,703 million (equivalent to 251,746 million baht), and total shareholders’ equities were USD 11,517 million (equivalent to 376,375 million baht). In addition, the Company’s total proved reserves as of 31 December 2017 was at 631 million barrels of oil equivalent (MMBOE).
Sincerely yours,
Somporn Vongvuthipornchai
Somporn Vongvuthipornchai
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.