Post by account_disabled on Jan 2, 2024 6:07:57 GMT
"PTG Energy" shows 2Q19 budget, net profit of 426 million baht, growth of 140%, supporting first half profit of 945 million baht, growth of 111%, aiming for sales in the second half of the year to continue to grow. Mr. Pitak Ratchakitprakarn, Chief Executive Officer and President of PTG Energy Public Company Limited or PTG, revealed that in the second quarter of 2019, the company had a net profit of 426 million baht, growing 140% from the previous period. same as last year As a result, in the first half of 2019, the company had a net profit of 945 million baht, growing 111% from the same period last year. Moreover, during the second quarter of 2019, the company had earnings before interest, taxes, and depreciation (EBITDA) at 1,359 million baht, growing 53% from the same period last year. As a result, in the first half of the year the company had EBITDA of 2,794 million baht, growing 52% from the same period of the year. Because the company's oil sales volume is growing. Appropriate marketing costs Continuously pushing the Non-Oil business coupled with effective cost reduction measures.
As for the total oil sales volume in the first half of 2019, it increased to 2,311 million liters, growing 20% from the same period last year. Including the increased volume of oil sales. According to the expansion of gas station branches and petroleum sales per station have increased continuously since the first quarter of 2019. Currently, the company has a total of 1,953 oil and LPG service stations. At the same time, the company expects that oil sales volume in the second half of the year will likely continue to grow. This is because the company has come to expand its services in Bangkok WhatsApp Number List surrounding areas and major cities. As a result, the company expects that the impact of seasonality in the third quarter should be reduced because the area uses gasoline in a similar proportion to diesel fuel. In addition, the company has expanded branches. and continuously build brand awareness This will help drive sales in the 4th quarter, which is considered the high season of the transportation business. and increased travel The company has also adjusted its investment plan to be in line with the oil retail market conditions. that is continuously growing The investment plan has been adjusted to 4,000-4,500 million baht from the original 3,500 million baht to support the growth of more oil sales volumes.
In addition, the trend of marketing expenses is at a normal level. Make the company see investment opportunities By expanding service stations, we will focus on expanding in the Flagship format to build a stronger and more well-known brand. At present, the number of branches in Bangkok and the surrounding area grew 6.80% from last year, with funds used to expand the said investment. The source of funds will come from EBITDA which is expected to grow 40-50% from last year or EBITDA at 4,900-5,250 million baht. At the same time, the company is also pushing and branding the Non-Oil business as the main business that will drive the company in the future. In the first half of the past year The company has issued various marketing promotion policies and activities. To support growth, including the launch of coffee franchises for both brands (Thai Coffee and Coffee World) and support the PT Maxnitron Racing Series 2019 competition to make the company's engine oil brand more well known. and in the second half of the year The company also plans work to drive and build the Non-Oil business brand to be stronger and more well-known. The Company expects that in 2019 the Company will have an increase in the proportion of gross profit of the Non-Oil business to 15% of the gross profit. All trees
As for the total oil sales volume in the first half of 2019, it increased to 2,311 million liters, growing 20% from the same period last year. Including the increased volume of oil sales. According to the expansion of gas station branches and petroleum sales per station have increased continuously since the first quarter of 2019. Currently, the company has a total of 1,953 oil and LPG service stations. At the same time, the company expects that oil sales volume in the second half of the year will likely continue to grow. This is because the company has come to expand its services in Bangkok WhatsApp Number List surrounding areas and major cities. As a result, the company expects that the impact of seasonality in the third quarter should be reduced because the area uses gasoline in a similar proportion to diesel fuel. In addition, the company has expanded branches. and continuously build brand awareness This will help drive sales in the 4th quarter, which is considered the high season of the transportation business. and increased travel The company has also adjusted its investment plan to be in line with the oil retail market conditions. that is continuously growing The investment plan has been adjusted to 4,000-4,500 million baht from the original 3,500 million baht to support the growth of more oil sales volumes.
In addition, the trend of marketing expenses is at a normal level. Make the company see investment opportunities By expanding service stations, we will focus on expanding in the Flagship format to build a stronger and more well-known brand. At present, the number of branches in Bangkok and the surrounding area grew 6.80% from last year, with funds used to expand the said investment. The source of funds will come from EBITDA which is expected to grow 40-50% from last year or EBITDA at 4,900-5,250 million baht. At the same time, the company is also pushing and branding the Non-Oil business as the main business that will drive the company in the future. In the first half of the past year The company has issued various marketing promotion policies and activities. To support growth, including the launch of coffee franchises for both brands (Thai Coffee and Coffee World) and support the PT Maxnitron Racing Series 2019 competition to make the company's engine oil brand more well known. and in the second half of the year The company also plans work to drive and build the Non-Oil business brand to be stronger and more well-known. The Company expects that in 2019 the Company will have an increase in the proportion of gross profit of the Non-Oil business to 15% of the gross profit. All trees