Esso (Thailand) Public Company Limited (ESSO) has reported its 3Q20 consolidated financial statement through the Stock Exchange of Thailand as follows;
ESSO reported a net profit of 466 million baht in 3Q20, flipped from a net loss of 1,295 million baht in 3Q19.
Total product sales volume in the third quarter of 2020 was 4% lower than the same period last year mainly due to the impact of COVID-19 pandemic on jet fuel demand.
In the third quarter of 2020, profit from sales was 586 million baht, compared to a loss of Baht 1,677 million the same period last year. The Downstream segment made a profit of 1,069 million baht, primarily driven by favorable inventory impacts. The Petrochemical segment had a loss of 483 million baht reflecting continued poor paraxylene margins from demand-supply imbalance in the region.