PTG Expects Oil Segment to Record Revenue High in 2023 with Focus Turning to Non-Oil Business

PTG participated in the “Opportunity Day,” held by the Stock Exchange of Thailand, to update its business plan. The company stated that it is confident the oil segment will generate 10-15% revenue growth, making it an all-time high for the company, as it takes a step forward for full Non-Oil operation.

Mr. Pitak Ratchakitprakarn, Chief Executive Officer and Director of the Executive Committee of PTG Energy Public Company Limited (SET: PTG), and Mr. Rangsun Puangprang, Secretary of the Board of Directors, jointly presented the company performance for Q3/2023 in the Opportunity Day on an online platform.

The estimation of revenue from oil business in 2023 was expected to rise by 10-15%, marking the all-time high for the company, with the aim of engaging in Non-Oil business as planned. The company indicated that LPG gas and Punthai Coffee are still its key businesses to significantly empower the growth, mentioning an increase in membership of PT Max Card and PT Max Card Plus.

The reveal of the company’s performance since yesterday has raised the PTG price, as of 29 November 2023 at 11:15 (Bangkok Time), by THB 0.10 or 1.16% to THB 8.70 per share, following a 1.78% gain yesterday.