News Detail

Date/Time
07 Nov 2018 12:52:00
Headline
Submission of the Interim Financial Statements for the three-month and nine-month periods ended September 30, 2018 and the Management's Discussion and Analysis (MD&A) of PTT Global Chemical Public Company Limited and its Subsidiaries
Symbol
PTTGC
Source
PTTGC
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                (Translation)
Ref. No.  16-040/2018

November 7, 2018

Subject:    Submission of the Interim Financial Statements for the three-month and 
nine-month periods ended September 30, 2018 and the Management's Discussion and
Analysis (MD&A) of PTT Global Chemical Public Company Limited and its
Subsidiaries
To:    President, The Stock Exchange of Thailand
Attachment:
1.    A copy of the Interim Financial Statements of  PTT Global Chemical Public 
Company Limited (the "Company") and its Subsidiaries for the three-month and
nine-month periods ended September 30, 2018 and reviewed report of certified
public accountant, with a copy of English translation
2.    Company's and its Subsidiaries performance report (Form F45-3)
3.    Management's Discussion and Analysis (MD&A) Q3/2018 of the Company
We are pleased to submit the Interim Financial Statements for the three-month 
and nine-month periods ended September 30, 2018 of the Company and its
Subsidiaries, which were audited by our external auditor, KPMG Phoomchai Audit
Ltd., and were reviewed by the Company's Audit Committee (details as per
Attachment 1 and 2) and hereby prepared management's discussion and analysis
(details as per Attachment 3).
In Q3/2018, PTT Global Chemical Public Company Limited ("The Company") operating
performance had been improving from the previous quarter, generating sales
revenue of Baht 136,712 million, increased from Q2/2018 by 6%.  The Company
reported the Adjusted EBITDA of Baht 16,830 million with the Net Profit of Baht
12,793 million (2.84 Baht/share), increased from Q2/2018 by 6% and 18%
respectively.  Comparing to Q3/2017, The Company reported an increase in revenue
by 31% whereas Adjusted EBITDA and Net Profit escalated by 12% and 29%
respectively.  For the performance of the Company in 9M/2018, the Net Profit was
 Baht 36,008 million, increased by 21% from 9M/2017.
For Q3/2018, Olefins and Derivatives Business performance has slightly decreased
from Q3/2017. For polymer business, the sale volume has increased by having new
capacity from LLDPE with 400,000 ton per annum which started commercial
operation since March 2018 and realized additional depreciation since then,
which effect to bottom line of this business to be decreased. Meanwhile,
Ethylene Oxide business has effect from increasing of feedstock cost. By
comparing with Q2/2018, Olefins and Derivatives Business performance has
slightly decreased because of reducing in polyethylene price and reducing in
selling volume of ethylene, which effect from schedule maintenance of plant
Olefins 1
For Aromatics Business, the operating performances had increased significantly 
from Q2/2018, mainly contributing from higher Paraxylene spread over Condensate
and increase in sales volume which resulted from planned maintenance shutdown to
improve production efficiency last year.   Petroleum Business had declined from
Q3/2017 as a result of a decline in product spread, however, it had been
improved from Q2/2018 from a better product spread, particularly from Fuel oil.
For the Share of Profit from Investments (attributable to Owners of the 
Company), it had significantly increased from a better performance in
Acrylonitrile (AN) and PVC Businesses, together with a better performance in
Bioplastics Business through NatureWorks LLC in United States.

Please be informed accordingly.

Sincerely yours,


(Ms. Duangkamol Settanung)
Executive Vice President - Finance and Accounting
______________________________________________________________________
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