GC organizes analyst meeting to announce its performance results for the 3rd quarter of 2021
On November 19, 2021, Dr. Kongkrapan Intarajang, Chief Executive Officer, and Ms. Pattaralada Sangasang, Executive Vice President of Finance and Accounting, together with Mr. Saroj Putthammawong, Executive Vice President, Marketing, Commercial and Supply, jointly announced performance results for the 3rd quarter of 2021 during analyst meeting activity No. 3 / 2021, presenting to analysts via a Microsoft Teams live stream.
GC announced its operating results for the third quarter of 2021 with total sales revenue of 112,173 million baht, a slight increase over Q2/21, and a 47% increase compared to Q3/2020, because of price increases and higher sales volume. The increase in selling prices for petrochemical products and the direction of petroleum product prices followed the recovery of crude oil prices and increasing demand after many countries around the world began to ease measures to prevent the spread of COVID-19. Operating profit was 8,657 million baht and total net profit was 7,005 million baht (1.56 baht/share), a 72% decrease from the second quarter of 2021.
In addition, Dr. Chaya Chandavasu, Senior Vice President, Sustainability and Corporate Branding, gave a special presentation on the topic of “Net Zero,” emphasizing goals for decarbonization to achieve Net Zero by 2050, in line with the Paris Agreement to reduce Greenhouse Gas (GHG) emissions by 20% by 2030. The goal to achieve net zero greenhouse gas emissions by 2050 is based on three key approaches: 1. Efficiency-driven: Reduce GHG by 20% by improving current and future production processes to minimize GHG emissions and implement advanced technology; 2. Portfolio-driven: 25% GHG reduction through future business restructuring with a focus on environmentally friendly, low-carbon businesses such as biochemicals, green, and recycling businesses; and 3. Compensation-driven: 55% GHG reduction by residual carbon offset with a variety of high-performance approaches and technologies.