Thai Oil Reports Upbeat 2011 Net Profit

Thai Oil TOIPF reported a 65.7% surge in its 2011 net profit. Thai Oil's 2011 net profit climbed to THB14.85 billion ($481.5 million), from THB8.96 billion. However, analysts were expecting a net profit of THB14.69 billion. Thai Oil's revenue surged to THB448.77 billion from THB324.35 billion.