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PTT pcl profit misses consensus by 38.4% in Q2

PTT PCL said its second-quarter normalized net income was 16.31 billion baht.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 3.9%.

Total revenue came to 420.45 billion baht, and total operating expenses came to 374.26 billion baht.

Reported net income came to 24.29 billion baht, or 8.51 baht per share.

As of Aug. 15, US$1 was equivalent to 34.58 baht.