PTT Exploration's First Half Profit Surges 29.77% to 39 Billion Baht; Board Approves Interim Dividend of 4.50 Baht

PTT Exploration and Production (PTTEP), a subsidiary of PTT Public Company Limited, announced that its net profit for the first half of 2023 reached 39 billion baht, marking a 29.77% increase compared to the same period last year. This significant profit growth indicates the company's robust performance. In light of this strong financial performance, the board of directors has approved an interim dividend of 4.50 baht per share. This decision reflects a move to enhance shareholder returns. As a leading oil and gas exploration and production company in Thailand, PTTEP's performance has implications for the broader Thai economy. Factors contributing to the profit increase in the first half likely include energy price trends and improvements in the company's production efficiency. Further details regarding the full financial report and the dividend payment schedule are expected to be announced soon. Source: MGR Online (Business)