PTG expects second-half oil sales volumes to return to normal

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PTG expects oil sales volumes in the second half of the year to return to normal, after first-half volumes fell 5.2% due to concerns about oil shortages earlier in the year. The company expects marketing margins to return to 1.70 to 1.80 baht per litre, and EBITDA to grow 0 to 5% from the previous year. The company aims to expand its service stations to 2,309 branches and Punthai coffee shops to 2,751 branches by the end of this year, while cutting this year's investment budget to 3 to 4 billion baht from the previous 3.5 to 4.5 billion baht.

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Electrification & Mobility▲ · 1 stocks
PTG Energy PCL
PTG
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Expects oil sales volumes to return to normal in H2 after a 5.2% decline in H1.