SET Announcements
SUFFERS FALLING Q1/1997 PERFORMANCE
The Bangchak Petroleum Plc (BPC) reported reviewed quarterly
financial statements as follows:
(in thousands)
Ending March 31
Q1
1997 1996
BPC
Net profit (Loss) (91,232) 377,232
EPS (baht) (0.17) 0.72
Comment : Please see details in unreviewed financail statements from
public SIMS.
Though its business continued extending, the lower price of grobal
oil market rapidly reduced its oil price. On the orther hand, crude oil
price changed lower much lower, as well as there was a lot of quantity of
stockedcrude oil with high price so cost of refinery stayed at high level
in Q1/1997. This resulted in falling revenues it could gain, only Bt9.062
billion or 4% down, and loss at Bt91 million.