ESSO Reports a Turnaround Performance in 2021 with a Net Income of THB4.44 Billion

Esso (Thailand) Public Company Limited (SET: ESSO) announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;

Yearly 2021 2020
Net Profit (Loss)
Million Baht
4,443.214 (7,911.074)
Earning Per Share (Baht) 1.28 (2.29)
% Change 156.16


ESSO reported a net profit for the fiscal year 2021 of THB4,443 million, making a  turnaround from a net loss of THB7,911 million in 2020. 

Revenue from sales for the full year of 2021 were THB172,878 million, increasing THB46,206 million from a revenue from sales THB126,672 million in 2020. This was largely due to higher market selling prices and sales volume and the company continued to optimize selling and  administrative expenses and achieved overall expense reduction by 3% in 2021.

In 2021, the Downstream segment made profit from sales of THB6,352 million, which was THB14,679 million higher than last year, mainly due to favorable inventory effects, sales  volume growth and improved industry margins. Petrochemical segment made a loss of THB802 million inclusive of asset impairment, compared to a loss of THB1,626 million in   2020, reflecting paraxylene production suspension.