BANGKOK, Aug. 16-OR reveals an overview of the operating results for the first half of 2023 with sales and service income of 385,122 million baht, net profit of 5,732 million baht, aiming to strengthen the core business. Expand business into new industries and continue to expand overseas to create strong and sustainable growth
Mr. Disatat Panyarachun, Chief Executive Officer of PTT Oil and Retail Business Public Company Limited or OR revealed the overall performance of the first half of 2023 that it was a challenging time among many. Domestic risk factors and abroad The level of oil prices in the world market has decreased due to concerns about the economic recession in many countries. In the second quarter of 2023, OR, which has 2,570 PTT stations, has sales and service income of 187,708 million baht. decreased by 9,706 million baht from the previous quarter, with a net profit of 2,757 million baht, a decrease of 218 million baht from the previous quarter. As for the operating results of the first half of 2023, OR had sales and service income of 385,122 million baht, a decrease from the same period of last year was 3,600 million baht and had a net profit of 5,732 million baht, a decrease of 4, 681 million baht, compared to the same period last year with higher average gross profit Due to the volatile oil prices in the global market due to the Russian-Ukrainian crisis, OR will continue to focus on strengthening its core business as a base for future growth. Whether it's driving sales. and profits in the product group of the Energy Solution group such as asphalt, jet fuel Or PTT Lubricants. In addition, we continue to create a sustainable future to achieve goals in 3 dimensions, including economy, society and environment, with OR's unique SDG approach to effectively meet the OR 2030 goals. OR's goal in 2030 remains the same, which is to improve the quality of life of communities covering both business areas and communities surrounding business areas 17, 000 Communities Create growth, jobs and spread wealth to traders, shareholders, micro-entrepreneurs, 1 million employees and reduce greenhouse gas emissions. Reduce the amount of waste generated by business operations. increase the consumption of environmentally friendly materials Increase the use of clean energy by more than a third compared to 2022, including Carbon Neutrality in 2030 and Net Zero in 2050.
Mr. Disatat added that For OR's business operations in the second half of the year, there are factors that may affect OR's operations, namely economic conditions that are expected to grow, both from continuous improvement in tourism. Growing Private Consumption following the recovery of tourism Therefore, it is expected that the performance of the second half of the year in the mobility business will improve in line with the growth of economic activities. As for the lifestyle business group, especially Café Amazon, it can continue to grow from branch expansion plans. Like the Global business group, the economic recovery of many countries in the region after COVID has helped increase oil sales volume and Café Amazon in all countries is a positive sign. business together to expand business abroad steadily And has started to bring Thai brands that have potential to try in foreign markets, such as introducing the brand "Otteri Wash & Dry" Otteri wash & dry to open the first branch in PTT Station, Chbar Ampov branch, considered as bringing OR's partners to pioneer the convenience store market in Cambodia. It is in accordance with the mission of creating a comprehensive lifestyle choice to meet all lifestyles of consumers. It also helps increase business diversity for the PTT station network in Cambodia. It is also looking for opportunities in Laos and the Philippines. with which in part of Cambodia and Laos coffee plantation Coffee production can be used in Café Amazon in another way. with which in part of Cambodia and Laos coffee plantation Coffee production can be used in Café Amazon in another way. with which in part of Cambodia and Laos coffee plantation Coffee production can be used in Café Amazon in another way.
It is also in the process of considering investment opportunities in the health and beauty targeted industries (Health & Beauty), which are businesses that meet the mainstream needs. About entering the aging society and the working-age population that will be considered the main group of people in the country which is a group that tends to care about health and beauty. Currently, it is in the process of studying and developing a suitable business model. And another industry that is targeted is Tourism & Accommodation, both of which are in line with OR's All Lifestyle mission to offer products and services that meet the needs of consumers. In addition, it will continue to drive business expansion strategies in the global business group, aiming to strengthen the business operations in foreign countries that OR operates. by increasing the variety of business operations and join with partners to expand their business overseas
And on August 18, OR will launch the application. "Explore" (xplORe), which will be part of the official facilitating the daily lives of consumers. In xplORe, there are 4 main functions: Deal, deals, coupons, food and beverage discounts. Drink at famous restaurants such as coffee shops like Amazon or restaurants like Audrey Café and pass discounts for buying tickets for travel and entertainment activities such as Harborland or Dream World that meet the fun of people of all ages.
There is also a plan to launch PTT Station, a flagship station that will serve as a model for future service stations, offering both gas stations and electric charging stations (Seamless Mobility) with large and diverse retail areas. Meet all lifestyles and be environmentally friendly through the use of clean energy by installing a Solar Rooftop reflecting the OR Ecosystem that meets the needs of Mobility & Lifestyle and a sustainable business model.-News Agency Thai
Source: Thai News Agency