BANGKOK -- Thai oil and gas conglomerate PTT posted a 42.9% rise in net profit in 2017, largely due to higher global oil prices, a stronger Thai baht, and cost-cutting that kept the company competitive.
Tevin Vongvanich, president and chief executive, said PTT had total revenue of 1.99 trillion baht ($63.2 billion) in 2017, up 16.1% from a year earlier. That made for a net profit of 135.2 billion baht.
