PTTGC Records a Net Loss of ฿8.7Bn from Stock Loss and FX Loss

PTT Global Chemical Public Company Limited (PTTGC) has reported its 1Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;

PTTGC reported a net loss of 8,784 million baht in 1Q20, compared to a net profit of 6,442 million baht in 1Q19 mainly due to the stock loss and loss from foreign exchange.

The company had net stock loss at 8,906 million baht, while the continuously depreciated of Thai baht currency in the period resulted to foreign exchange loss at 2,193 million baht.

PTTGC recorded a sales revenue for the quarter at 93,036 million baht, decreased by 18% YoY from the soft products price led by concerns on the global economy.