PTT expects Chinese demand to help profits
Energy giant earmarks $2bn for investments
- Published: 16 Nov 2012 at 00.00
- Newspaper section: Business
PTT Plc, the national energy conglomerate, expects a net profit next year on a par with this year, even though this year it will have realised oil inventory.
The company, which intends to revise its five-year investment plan, said demand for petrochemicals in China will be a major positive factor next year.
Surong Bulakul, the chief financial officer, said under the plan the company has earmarked US$2 billion to $2.5 billion per year for investments excluding mergers and acquisitions.
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