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PTT Global announces H1 dividend of Baht 1.37/share
18
Aug '14
For the first half of 2014, Thailand-based PTT Global Chemical Company has announced a dividend of Baht 1.37 per share to existing shareholders.

The dividend payout amounts to Baht 6,191 million or 50 percent of the net profits for the period January to June 2014.

The dividend will be paid on September 12 to those shareholders of record on August 29, 2014.

Just last week, PTT Global Chemical Pcl said it is seeking a partner to expand the crude processing capacity of its planned joint petrochemical project with Indonesian state oil and gas firm Pertamina.

PTT Global plans to triple the crude processing project capacity to 360,000 barrels a day (bpd), which would boost the estimated investment in the complex to around $8 billion from the $5 billion announced earlier.

PTT Global Chemical Public Company Limited was founded in October 2011 through the merger of PTT Chemical Public Company Limited and PTT Aromatics and Refining Public Company Limited.

The merger resulted in reaching a total Olefins and Aromatics production capacity of 8.72 million tons per year and petroleum production capacity of 280,000 barrels per day, making it Thailand’s largest integrated petrochemical and refining company.

Fibre2fashion News Desk - India

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