Bangkok--Apr 20--PTT
Mr. Prasert Bunsumpun, President of PTT Public Company Limited (PTT), revealed that the latest survey conducted by Forbes Magazine (Issue April 18, 2005) has ranked PTT No.425 from the total of 2,000 world’s biggest listed companies with PTT’s total assets of US$ 8.15 billion compared to ranking in the year earlier at No.461. For the ranking, Forbes considers four main criteria which are sale, profit, asset, and market value. Other related criteria such as the firm’s international business development were also taken into consideration.
In addition, the 2005 polls conducted by FinanceAsia, a leading financial and investment magazine, showed that PTT ranked the country’s No.1 under the Best Corporate Governance category compared to the 7th place in a year earlier. For the Best Managed Company category, PTT also ranked No.1, up from the second place last year. PTT also ranked No.7 for the Best Investor Relations category.
In conducting an Annual 2005 Polls, FinanceAsia sought opinions from fund managers, analysts, and leading finance and banking experts in 10 Asian countries — Thailand, China, Hong Kong, Philippines, India, Taiwan, Malaysia, Indonesia, Korea and Singapore. The survey was to rank the best companies in each of these countries under various categories.
Mr. Prasert said aside from the three awards from FinanceAsia which comprise of “Best Corporate Governance”, “Best Managed Company”, and “Best Investor Relations”, PTT also won Thailand’s Best in Corporate Governance Award granted by The Asset Magazine. The Asset recently conducted a survey by asking opinions from more than 110 institutional investors in Asia.
Mr. Prasert added that the world-class recognitions granted to PTT are the true reflection of investors’ confidence from both local and foreign investors toward PTT’s financial strength, operation, and transparency.
Corporate Public Relations Department
PTT Public Company Limited End.