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Thailand's PTT reports 13.6% YOY decline in Q2 net income

State-owned oil giant PTT PCL on Aug. 13 reported a second-quarter net income of 25.94 billion Thai baht, down 13.6% from 30.03 billion baht in the second quarter of 2018.

Sales revenue was 570.32 billion baht, down 1.5% from 578.79 billion baht in the corresponding period a year ago.

Operating income was 41.09 billion baht, compared to 70.40 billion baht during the same quarter in 2018.

As of Aug. 12, US$1 was equivalent to 30.86 Thai baht.