PTT Plc reported a 95% year-on-year jump in net profit to 46.2 billion baht for the first quarter of this year, driven by higher global oil and petrochemical prices. Earnings per share for the first quarter leapt to 16.09 baht from 8.23 baht in the same period last year. Average Dubai crude prices jumped 74.5% year-on-year to $53.1 a barrel in the first quarter, compared to $30.4 in the same period last year, it said. Sales revenue rose 31.9% year-on-year to 509.8 million baht, mainly from international trading and petrochemical and refining. PTT shares rose 1.3% to 386 baht in trade worth 1.4 billion baht on Monday compared to a 0.4% decline of the Stock Exchange of Thailand index.

Source: Bangkok Post May 15, 2017 13:41 UTC