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BULLETIN: Thailand-based PTTEP's Profits Rise 11% to US$708 Million in 2002

Published Feb 28, 2003

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Abstract:

Standard&Poor's Ratings Services said today that full year 2002 financial results for PTT Exploration and Production Public Co. Ltd. (PTTEP; local currency rating BBB+/Stable/--; foreign currency rating BBB-/Positive/--) are in line with Standard&Poor's expectations for the Thai oil and gas company. In 2002, PTTEP's sales, including revenue from pipeline transportation, grew by 7% to Thai baht (THB) 30.2 billion (US$708 million) over the preceding year, while net profit rose by 11% to THB12.1 billion, primarily on the back of higher gas sales volumes and the inclusion of its share of profits from its 34% investment in Indonesian upstream company, Medco Energi (B+/Stable/--). Funds from operations were sizable at about THB17 billion. High cash levels of THB16.3

Report Type:

Bulletin

Ticker

PTTEP@TB

Issuer

PTT Exploration and Production Public Co. Ltd.

GICS

Oil & Gas Exploration & Production (10102020)

Sector

Global Issuers

Country

Thailand

Region

Pacific

Format:

HTML

Thai E&P Co. PTTEP's Local and Foreign Currency Ratings Affirmed at 'BBB+' and 'BBB-' – 2003/08/06 – US$ 150.00

Research Update: PTT Exploration&Production Public Co. Ltd. – 2003/08/06 – US$ 225.00

PTT Exploration&Production Public Co. Ltd. – 2003/08/14 – US$ 500.00

PTT Exploration&Production LC Outlook Revised To Positive; Ratings Affirmed – 2004/07/07 – US$ 150.00

Research Update: PTT Exploration&Production Public Co. Ltd. – 2004/07/07 – US$ 225.00

Summary: PTT Exploration and Production Public Co. Ltd. – 2002/06/09 – US$ 225.00

PTT Exploration and Production Public Co. Ltd. – 2002/06/09 – US$ 500.00

Ratings on Thailand's PTT Exploration and Production Affirmed – 2002/05/17 – US$ 150.00

Research Update: PTT Exploration and Production Public Co. Ltd. – 2002/05/17 – US$ 225.00

BULLETIN: Thailand's PTTEP Reports Fiscal 2001 Results – 2002/02/28 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "BULLETIN: Thailand-based PTTEP's Profits Rise 11% to US$708 Million in 2002" Feb 28, 2003. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Thailand-based-PTTEP-s-Profits-Rise-11-to-US-708-Million-in-2002-300549>

APA:	S&P Global Ratings’ Credit Research. (). BULLETIN: Thailand-based PTTEP's Profits Rise 11% to US$708 Million in 2002 Feb 28, 2003. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-Thailand-based-PTTEP-s-Profits-Rise-11-to-US-708-Million-in-2002-300549>

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