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Thailand's Rayong Purifier Sees 10-15 Percent Profit Rise This Year.
Jun. 1--Rayong Purifier Plc, a listed operator of a condensate residue splitter, projects a 10-15 percent increase in operating profit this year due to the growth of its retail sales, which account for 25-30 percent of total revenue.
Revenue is projected to grow to nine billion baht and the sales should begin to substantially increase from the second quarter when its splitter started operating at its full capacity of 17,000 barrels per day, said executive board chairman Suppapong Krishnakan.
He said the company was aiming to invest more in petrol stations to raise the number of outlets to 100 nationwide over the next five years from 22 currently.
- Thailand's Rayong Purifier Sees 10-15 Percent Profit Rise This Year.
- Newspaper article from: Knight Ridder/Tribune Business News June 1, 2004 700+ words
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