The financial report of Thailand PTT Global Chemical Company recently announced that as of the first quarter of March 31, 2012, the company’s net profit fell by 11.7% year-on-year to 9.85 billion baht (US$316 million); sales increased by 29% year-on-year. It reached THB 133.6 billion.
According to the financial report analysis, the main factors affecting the company's first quarter 2012 results include rising oil prices caused by political turmoil in oil-producing countries, high oil prices resulting in higher energy and raw material costs, and thus rising oil and petrochemical product prices. In addition, worries about economic uncertainty in Europe and the United States, China’s more cautious economic policies also led to weak demand, these factors make petrochemicals more pressure on earnings.
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