ESSO Reports THB46 Million Profit in 3Q21 as Revenues from Sales Drop

Esso (Thailand) Public Company Limited (ESSO) has announced its 3Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

In 3Q21, ESSO had a net profit of 46.34 million baht, a 90% decrease from a net profit of 466.75 million baht in 3Q20. In this quarter, profit from sales was 67 million baht, compared  to 586 million baht in the same period of last  year. The Downstream segment made a profit of 97 million baht, primarily driven by favorable inventory effects. The Petrochemical  segment had a lower loss than the same period last year reflecting paraxylene production suspension.

Compared to the same period last year, net finance costs decreased by 19 million baht in 3Q21, and decreased by 34 million baht from the nine-month of 2020 primarily driven by lower interest rates.