In the first half of the year 2019, PTT generate revenues from sales and services at 1.121196 Trillion Baht, rising 9.437 Billion Baht or approximately 1 percent when compared with the same period of the previous year. The increase is due to the higher sales volume in natural gas and exploration, and Global Power Synergy Public Company Limited's acquisition on Glow Energy Public Company Limited.
The net profit of PTT Group is at 55.250 Billion Baht, decreasing by 14.567 Billion Baht or 21 percent. The drop has been caused by the reduction of sales margin in petrochemical and refinery and the oil stock loss. The gas separation business has also declined regarding a drop in petrochemical price and its higher cost
The profits after a reduction of dividends to the government and shareholders, including the after payment of the loan, PTT will allocate these investments toward company's key projects to create energy security, including continuing to support social enterprise operations according to the framework of sustainable business management thus creating balance in 3Ps dimensions (People, Plant, and Prosperity). The development of Wang Chan Valley in Rayong Province as Thailand's science, technology, and innovation city is a significant investment in propelling Thailand 4.0 strategy. The development of this area includes the construction of an intelligent operation center, considered as a main infrastructure for the development of EECi. Moreover, promoting science and technology education through Kamnoetvidya Science Academy (KVIS) has been successfully progressed as 18 of 72 students in the second enrollment have received scholarships to study abroad. PTT has also cooperated with Payubnai Subdistrict Organization, KVIS, and Elegant Farm Company Limited to develop biogas from a pig farm locally in Payubnai.
Besides, PTT Group has leveraged its knowledge and expertise in technology and innovation to drive OUR Khun Bangkachao project, so called Technology for Social Collaboration. The objective is to increase green areas as well as collaborating with network partners and communities to enhance local community's quality of life. In addition, PTT Group has launched Cafe Amazon Circular Living Concept, where coffee chaff, which are the leftovers from the coffee roaster and plastic waste are recreated into a decorative materials and inventively decorated in Cafe Amazon branches. Furthermore, PTT Group supports Thai farmers by buying their agricultural products such as mangosteen, longkong and rice plus allowing them to sell their products at PTT Stations. Thus creating a trading point of agricultural products (Market Place) for the communities.
In the second half of this year, PTT Group still maintains the national energy security and enhancing its competitiveness in order to cope with the challenges. PTT channel its business towards the sustainable future.