PTT Exploration and Production Public Company Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
For the year the company reported total revenue of $8,017 million compared to $7,445 million a year ago. Sales revenue of $7,496 million compared to $7,172 million a year ago. EBITDA of $5,295 million compared to $5,168 million a year ago. Profit for the period of $677 million compared to $1,847 million a year ago. Diluted earnings per share of $0.16 compared to $0.46 a year ago. Profit from normal operations of $1,538 million compared to $2,114 million a year ago. The decrease in net income was primarily due to the recognition of impairment loss of assets in PTTEP Australasia project and Mariana Oil Sands project and the increases of depreciation, depletion and amortization expenses and exploration expenses. Return on equity was 6% compared to 16% a year ago.