PTT PCL said its normalized net income for the first quarter amounted to 9.27 baht per share, compared with the S&P Capital IQ consensus estimate of 11.06 baht per share.
EPS climbed 89.7% year over year from 4.89 baht.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 26.49 billion baht, an increase of 89.7% from 13.96 billion baht in the year-earlier period.
The normalized profit margin climbed to 5.2% from 3.6% in the year-earlier period.
Total revenue rose 31.9% year over year to 509.80 billion baht from 386.64 billion baht, and total operating expenses increased 28.0% on an annual basis to 445.55 billion baht from 348.14 billion baht.
Reported net income rose 95.7% year over year to 45.95 billion baht, or 16.09 baht per share, from 23.48 billion baht, or 8.22 baht per share.
As of May 15, US$1 was equivalent to 34.53 baht.
