Sign up | Log in



Home  >>  Daily News  >> Thailand  >>  Companies  >>  Thai energy firm upbeat on Q2 performance as oil rises

8 May 2009

Thai energy firm upbeat on Q2 performance as oil rises

Related Stories

March 19, 2009
Thai refiner quits two overseas projects 

February 18, 2009
Thai power firm to invest $31m in wind farm project 

February 3, 2009
Thai parent mulls listing Laos power unit 

January 31, 2009
Thai refiner says Q4 net profit down 9%

January 15, 2009
Thai refiner’s sales seen falling in 2009

January 7, 2009
Thai energy firm to invest $12bn in 2009-2013

December 17, 2008
Thai energy giant to review $1.4bn gas pipeline plan

PTT Plc, Thailand's top energy firm, said on Thursday its second-quarter financial performance should be better than the first quarter if global oil prices stabilised around recent higher levels, reported Reuters.

"We have not changed our assumption that oil prices should stay around $50 per barrel," Chief Executive Prasert Bumsumpun told reporters on the sidelines of a bourse exhibition.

The recent rally in oil prices reflected investors' confidence in an economic revival and PTT should benefit when there was a clearer sign of economic recovery next year, Prasert said, without giving specific forecasts.

Oil CLc1 extended its gains towards $57 a barrel on Thursday after settling at a five-month high in the previous session, when lower US job losses and US inventory data increased optimism about an economic revival.

State-controlled PTT is due to report its first-quarter earnings next week, and analysts expect net profit to fall more than two-thirds.



Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand