Bangkok, OR reveals operating results for the first quarter of 2024 with EBITDA of 6,173 million baht, an increase of more than 100% from the previous quarter. increasing from every business group and had a net profit of 3,723 million baht, an increase of more than 100% from the previous quarter. Calculated as earnings per share of 0.31 baht, ready to move forward towards being a Data-Driven Organization with the SAP S/4HANA system, the latest technology and innovation that combines the functions of managing the energy and retail businesses together, being used first in Southeast Asia
Mr. Disthat Panyarachun, Chief Executive Officer of PTT Oil and Retail Business Public Company Limited or OR, revealed that OR’s operating results in the first quarter of 2024 had a net profit of 3,723 million baht, adjusted. Improved from the previous quarter by more than 100%, accounting for earnings per share of 0.31 baht. EBITDA in the 1st quarter was 6,173 million baht, an increase of 3,650 million baht or more than 100%
compared to the 4th quarter of 2023, increasing from every business group. The Mobility business group from the overall average gross profit per liter has improved. Similar to the Global business group, the average gross profit per liter recovered in the Philippines. For the Lifestyle business group, both food and beverage retail businesses increased. and other retail business groups and overall net operating expenses decreased
In the first quarter of the past, OR continued to strengthen its lifestyle business. Move forward in the Health and Beauty business by collaborating with business partners both domestically and abroad. both from Japan and South Korea and will launch its first store soon. In addition, OR is also committed to adjusting business direction towards the transition to a low-carbon society through OR’s various platforms, which cover both the Mobility business group and the Lifestyle business group to Aiming for the goal of carbon neutrality in 2030 and Net Zero in 2050, whether it is pioneeri
ng the energy of the future to meet the energy transition, developing a future platform to support the energy transition. and living a variety of lives and pushing the business value chain to be Green throughout the OR ecosystem.
In addition, OR has received a corporate credit rating of “AA+” from TRIS Ratings (TRIS) with a stable credit rating trend for the second year in a row, reflecting success with outstanding operating results. and a strong financial position as well. And this year, Growing Vegetables Because We Love Mother Public Company Limited or OKJ, in which OR is a 20% shareholder, submitted a registration statement and draft invitation letter (Filing) to the Office of the Board of Directors. Securities and Exchange Commission (SEC Office) to offer additional shares to the public for the first time (IPO), which demonstrates the growth and success of OR’s business partners by using the potential that OR has together. with partners who have the potential to create business opportunities together In
line with OR’s vision of ‘fulfilling opportunities For all growth together’ ‘Empowering All toward Inclusive Growth’
Most recently, OR has brought in the SAP S/4HANA system to promote working potential both within the organization and with business partners to grow together sustainably. and has officially begun to be used on May 1, 2024. This is an important step for OR’s Digital Transformation Journey that helps drive the organization’s business with data (Data-Driven Organization). It is considered a history in bringing SAP’s newest innovation that combines energy and retail business management functions is the first in Southeast Asia. Increase competitive ability Supports sustainable future business growth.
Source: Thai News Agency