April 5, 2012 / 10:44 AM / 5 years ago

BRIEF-Thai Oil sees good net profit in Q1

BANGKOK, April 5 (Reuters) - Thai Oil Pcl :

* Expects good net profit in the first quarter due to gains from its oil stocks, Chief Executive Surong Bulakul told reporters after a shareholders meeting

* Expects 2012 revenue to be higher than 2011 due to rising oil prices

* Aims to invest about $1.3-2.0 billion to expand its petrochemical and refinery businesses in the next five years ($1 = 31.00 Baht) (Reporting by Pisit Changplayngam; Writing by Khettiya Jittapong; Editing by Martin Petty)

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