PTT Exploration and Production Plc's quarterly consolidated net profit dropped 35.5 per cent on year to Bt5.7 billion, due to an immense increase in expenses.
In the filing to the Stock Exchange of Thailand, the company said expenses in the quarter increased Bt2.66 billion or 21 per cent on year to Bt15 billion. Its consolidated revenue however dropped 7 per cent on year to Bt26.5 billion.