Home » Business » GPSC’s 2020 net profit increases 85% from recognizing full-year GLOW income, dividends 1 baht per share

GPSC’s 2020 net profit increases 85% from recognizing full-year GLOW income, dividends 1 baht per share

Global Power Synergy Public Company Limited or GPSC reported operating results for the year 2020 with a net profit of 7,508 million baht, an increase from 3,447 million baht or 85% in 2019.

This is due to the earnings recognition from GLOW for the full year 2020 while in 2019 the earnings are recognized from the GLOW during 19 March – 31 December 2019. market And lower financial costs from capital restructuring and loan restructuring.

In addition, the company has other income increasing from dividends, receiving a share of profit from investments in associates and joint ventures. Including the recognition of Synergy value from Glow amounting to 701 million baht, which is mainly from the joint management of the power plant and network.

Read details Management Discussion and Analysis for the year ended 31 Dec 2020

Board of Directors Resolution on February 11, 2021 to pay a cash dividend at the rate of 1 baht per share by paying dividends from retained earnings. The list of eligible persons to receive dividends (Record date) March 4, 2021, XD date March 3, 2021 and dividend payment date 21 April 2021.

GPSC

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