SET-listed Bangchak Corporation (BCP) posted record-high earnings of 25.8 billion baht last year thanks to the global oil and gas price surge.
The rise in earnings before interest, tax, depreciation and amortisation was driven by revenue from oil refineries and oil trade as well as Norway-based Okea ASA, an oil and gas drilling company that was acquired by BCP several years ago, said Chaiwat Kovavisarach, president and group chief executive.
Higher sales at Okea in response to rising oil demand after the easing of lockdowns and the onset of winter contributed 16% of Bangchak Group’s total revenue.
Mr Chaiwat also attributed the good performance to BCP’s business process redesign as…
