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Thai Oil Reports Upbeat 2011 Net Profit


Thai Oil (OTC: 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.

Posted-In: EarningsEarnings News


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