Stock news 11:36 a.m. 2023-11-09
Mrs. Jintana Kingkaew, Deputy Managing Director and Chief Financial Officer of Siam Gas and Petrochemicals Public Company Limited (SGP), revealed that the operating results for the 3rd quarter of 2023 of the company and its subsidiaries. There was a net profit attributable to the parent company of 1,230.49 million baht, compared to the same period of the previous year. which had a net loss attributable to the parent company of 54.15 million baht
Sales income From transportation and services, 22,884.38 million baht, compared to the same period of 2022, decreased by 1,602.76 million baht or 6.55%, mainly due to the average price of LPG gas in the world market (CP Saudi Aramco) in the 3rd quarter of this year being lower than last year. First, the average LPG gas price for the 3rd quarter of 2023 and the same period of 2022 has an average price of USD 469 per metric ton and USD 677 per metric ton, respectively.
As for the performance trend in the 4th quarter of 2023, which is the final period of the year, it is expected that there will be a trend of continued growth from the previous 3rd quarter because it is the high season of the business. In addition, gas prices continue to be positive. As a result, sales improved clearly. Specifically, LPG sales in China in the 9-month period compared to the same period last year grew by more than 23.6% for the past 9 months. Sales were approximately 2.76 million tons, an increase of 7.3% from the same period last year.
In 2023, the company aims for revenue of approximately 110 billion baht, growth of approximately 12% from the previous year, and sales of approximately 4.05 million tons, growth of approximately 12.40% from the previous year, divided into domestic 0.86 million tons, growth of 7%, Offshore Trading 1.60 million tons. Grow 12.90%, China 1.30 million tons, grow 16.20%, Vietnam 0.11 million tons, grow 8.10%, Singapore 18,500 tons, grow 8.10% and Malaysia 0.16 million tons, grow 10.40% due to the COVID-19 situation. has been resolved As a result, each country has its internal economy fully driven, resulting in increased demand for energy. especially in China As a result, the company’s sales in China have greatly increased as well.
By InfoQuest News Agency (09 Nov. ’23)
Tags: SGP, Jintana Kingkaew, Siam Gas and Petrochemicals, Thai stocks
2023-11-09 04:43:49
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