SPRC confirms its total Dividend Payment at Baht 1.1427 per share
05 April 2018

(Bangkok) – Star Petroleum Refining Public Company Limited (“SPRC”) conducted its 2018 Annual General Meeting of the Shareholders (AGM) today at the Grand ballroom, The Landmark Bangkok Hotel, Bangkok.

The Shareholders of SPRC endorsed the dividend payment for the year 2017 of 1.1427 Baht per share. This is equal to a payout of 60% of the net profit for 2017. This payout is consistent with the Company’s dividend policy of at least 50% of net profits after legal reserve.

Mr. Bill Stone, CEO and Director of SPRC revealed that the 2017 Company’s earnings were US$261 million (Baht 8,895 million) with a market gross refining margin of US$7.34/bbl. The company made an interim dividend payment from the first half of 2017 operations of 0.4621 Baht per share. The remaining dividend of 0.6806 Baht per share will be paid on 3 May 2018. The shareholders' record date entitled to the dividend payment will be on 18 April 2018. XD date will be on 17 April 2018.

At the Board of Directors meeting today, the Board also approved the final investment decision for the capacity increase project.  This project will increase production capacity from 165,000 to 175,000 barrels per day by end of 2019.

SPRC’s strategy continues to be to set the standard for safe and reliable operations. Successful execution of this strategy positons SPRC well to provide sustained superior shareholder return.
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