PTT Global Chemical Plc (PTTGC) has set aside an investment budget of Bt20 billion for the year 2018 to boost its total revenue to Bt480 billion that year, up from this year’s estimated Bt450 billion, the company’s CEO and president, Supattanapong Punmeechaow, said yesterday.
Supattanapong announced total revenues of Bt328.02 billion and net profit of Bt29.74 billion for the first nine months of this year. This is the highest in six years.
The company’s investment budget in the year 2018 forms part of a total investment budget of Bt180 billion throughout 2017-2021. Up to Bt130 billion will be invested in the Eastern Economic Corridor area starting in 2018, he said.