IRPC’s Profit Falls 32% to ฿7.73bln. from Stock Loss, Giving ฿0.09 Dividend, XD 26 Feb.
IRPC has announced a decline by 32% in 2018 profit from stock loss.
IPRC Public Company Limited (IRPC) has reported its consolidated financial statement yearly 2018 through the Stock Exchange of Thailand as follows:
IRPC had a net profit of ฿7,735 million, a 32% decline when compared to the previous year due to a sharp decline of crude oil price as a result of supply surge especially from the U.S. as well as the lower-than-expected economic growth through a prolonged trade war between China and the United State, which resulted in the net stock loss of ฿1,238 million.
In 2018, IRPC generated net sales of ฿258,919 million, increased by 31% when compared to 2017, YoY, which attributed to the increase in sales volume and products prices. The refinery utilization rate was 208,000 barrels per day of crude intake, rose 16% due to increased efficiency of the refinery plant after major turnaround during 1Q17.
Nevertheless, IRPC has announced a dividend payment of ฿0.09/share on April 19, 2019. The ex-dividend date is on February 26, 2019.
