SPRC Announces Net Income of US$ 73 million (or Baht 2,323 million) in Q2/2018 and Interim Dividend Payment of Baht 0.5928 per share for 1H/2018
14 August 2018

   Bangkok - August 14, 2018: Mr. Timothy A. Potter, CEO and Director of Star Petroleum Refining Public Company Limited (“SPRC”), announced the company’s operational and financial results for Q2/2018.  Net income for this quarter was US$ 73 million or Baht 2,323 million. Total net income for 1H/2018 was US$ 154 million or Baht 4,896 million. 

 

   For its operating performance in Q2/2018, SPRC achieved 100% operational availability, maximized plant reliability and optimized unit utilization resulting in high Crude Distillation Unit (CDU) and Residue Fluidized Catalytic Cracking Unit (RFCCU) throughput.  We achieved over 5 years and surpassed 16.8 million man-hours without days away from work injury, resulted from our “ONE FAMILY CULTURE” which is the foundation of our exceptional performance.

 

   Today, the SPRC Board of Directors approved the interim cash dividend of Baht 0.5928 per share.  This represents the dividend payout ratio of 50% for the net income for 1H/2018.  The record date is on Tuesday 28 August 2018 and the dividend is scheduled to be paid to shareholders on Thursday 13 September 2018.