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Ms. Jiraporn Khaosawad, Chief Executive Officer and President of PTT Oil and Retail Business (OR) Public Company Limited (OR) revealed that for the second quarter of 2022, the company had sales and service revenue of 211,431 million baht. baht and a net profit of 6,568 million baht due to continuous growth in sales volumes in all business segments According to the economic recovery after measures to control the epidemic situation of COVID-19 relax Ready to move forward in a new direction of business operations that aim to create sustainable growth (Inclusive Growth) in all dimensions.
2Q22 Operating Results Overall performance improved in all business segments. Likewise, sales volume has increased in all business segments. As a result of the economy starting to recover from the relaxation of measures in the situation of the Covid-19 epidemic. causing increased economic activity As a result, the revenue of the Mobility Business Group and the Global Business Group increased mainly from the sales volume of jet fuel and fuel oil in the commercial market. as well as the result of an increase in world oil prices as a result of increased demand following economic recovery in many countries around the world and tight supply from the sanctions on Russia, an oil exporting country. Like the Lifestyle business group, sales revenue increased from the previous quarter. both in the food and beverage retail segment and other retail groups following the recovering economy and the long holiday season As a result, this quarter OR sales and service income and net profit amounted to 211,431 million baht and 6,568 million baht, respectively, an increase of 34,140 million baht and 2,723 million baht from the previous quarter, respectively.
During the past 2 quarters, OR has made several investments and joint ventures. Whether it is an investment in K-Next Corporation Company Limited (KNEX), a distributor of industrial washing machines and dryers. including operating a convenience store under the brand Otteri Wash & dry, as well as investing in Polar Bear Mission Company Limited (“freshket”), which uses technology to manage the food supply chain. Chain Service). Boon Rawd Trading Co., Ltd. (Boonrawd) established a joint venture company to operate the business of producing and distributing ready-to-drink beverage products. Increase product diversification and distribution channels Meet the needs of all lifestyles of consumers that are changing rapidly. and create opportunities for joint growth with partners on inclusive growth, in line with OR’s business practices that focus on Outside-In growth, seeking investment opportunities in new markets. with partners
Ms. Jiraporn said that OR remains committed to elevating the business to grow with society and the environment. by incorporating it into the business model In the last quarter, OR continued the activities to fill smiles for Thai farmers. by purchasing various products from farmers who face problems from the slowdown in the purchase of produce Release of produce to the market both at home and abroad from the epidemic situation of COVID-19 To be given to those who fill up gas at PTT Station, including garlic, shallots and onions, totaling 13,707 kilograms in April, fancy mango and Phu Lae pineapple, totaling 300,000 kilograms, from farmers in the north in the month. May and Batavia mangosteen and pineapple, totaling 100,000 kilograms in June.
In addition, OR is open to opportunities for businesses of all types and sizes to enter the OR business ecosystem to fulfill their potential and achieve success together. Transforming itself into an Inclusive Growth Platform to support growth with potential partners with the goal of creating a positive impact on society and the environment In order for business growth to be inclusive growth with people, society and the environment in a stable and sustainable way
By InfoQuest News Agency (13 Aug 65)
Tags: Jiraporn Khaosawat, PTT Oil and Retail, Thai stocks
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