Mr. Prasert said despite the recent hike of oil price in the world markets, the rising oil price did not benefit PTT due to the constant sales margin. PTT's Oil Business Group showed 3.85 billion liters in this year's first quarter sale volume, an increase of 591 million liters or 20%.
Meanwhile, PTT's Gas Business Group showed a 3% rise in sales volume in the first quarter this year to 2,577 million cubic feet per day (mmcfd) (at the heating value of 1,000 btu per cubic foot) due to higher demand from the Independent Power Producers and the Industrial customers. Higher sale was also reported by the Gas Separation Plants in the first quarter this year at 679,982 tons, an increased of 2%. As a result, the net profit and sale revenue were relatively close to the figures of the first quarter of last year.
As of March 31, 2004, PTT and subsidiaries' total assets stood at Baht 360.473 billion, a rise of Baht 35.855 billion or 11% from the end of 2003. Meanwhile, total liabilities were Baht 217.157 billion, rose by Baht 21.481 billion or 11%, and total shareholders? equity was Baht 143.316 billion, an increase of Baht 14.374 billion or 11%.
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