According to a rating company, PTT's profits from increased oil prices would be offset by support for subsidiaries

PTT Plc's profitability will be boosted this year by a surge in crude oil prices caused by the Russia-Ukraine conflict, albeit this increase may be offset by squeezed margins at PTT's downstream companies, according to a rating firm.

"In our opinion, the increase in PTT's profitability may not be proportional to the increase in crude oil and natural gas prices." This is because rising oil prices would reduce mar....