BCPG reveals that in the 3rd quarter of 2023, there was a net profit of 564.77 million baht, a decrease of 11.87% due to a decrease in electricity sales revenue after the end of the adder and a decrease in recognition of hydroelectric power plants in Lao PDR. For the first 9 months, there was a net profit of 1,277.73 million. Baht decreased 45.25%
Mr. Niwat Adirek, Chief Executive Officer and President of BCPG Public Company Limited, revealed that in the 3rd quarter of 2023, there was a net profit attributable to the parent company of 564.77 million baht, a decrease of 11.87% from the same period last year when there was a profit. Net 640.86 million baht
In this quarter, the operating results of the solar power plants were recognized. in Thailand decreased Due to the end of Adder and the recognition of operating performance of hydroelectric power plants in Lao PDR decreased due to decreased rainfall. And the transmission line of the Nam San 3A project has been improved, with interest expenses increasing. from increased interest-bearing debt and an increase in market interest rates.
However, recognition of the increased performance of oil storage projects in Thailand Wind power plants in Thailand and solar power plants in Japan, as well as increased share of profits from investments in associated companies of natural gas power plants in the United States and wind power plants in the Philippines. Help alleviate some of the aforementioned impacts.
For the first 9 months of 2023, there was a net profit attributable to the parent company of 1,277.73 million baht, a decrease of 45.25% from the same period last year with a net profit of 2,334.13 million baht due to the recognition of the operating results of hydroelectric power plants in the country. Lao PDR decreased due to the shutdown of electricity production in preparation for selling electricity to EVN, and on June 15, 2023, the said hydroelectric power plant has begun producing and distributing electricity to EVN.
In addition, there is no recognition of profit sharing from the geothermal power business in Indonesia. From the sale of investments in the project in March 2022, including increased interest expenses. from increased interest-bearing debt and an increase in market interest rates.
However, the operating results of the group of companies in the 3rd quarter of 2023, when compared to the 2nd quarter of 2023, found that revenue increased by 43.1%, net profit increased by 180.8%, and profit from normal operations grew by 169.2%.
“Performance results in the third quarter of the company group Higher growth compared to the previous quarter. Due to the support from entering the high season of the water season, resulting in the Nam San 3A and Nam San 3B hydroelectric power plants in the Lao People’s Democratic Republic Produce more electricity Moreover, during this period in Thailand the monsoon season begins. and Japan has increased light intensity causing wind power plants in Thailand and solar power plants in Japan There was an increase in operating results from the previous quarter. In addition, it also included the recognition of full quarterly income from the operations of the oil storage business in Thailand. and the recognition of higher profit shares from natural gas power plants in the United States. This is because it began to recognize profit sharing from two more new natural gas projects with a total production capacity of 426 megawatts and was a time when the United States There is a higher demand for electricity,” Mr. Niwat added.
2023-11-08 02:15:00
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