Mr. Bundit Saphianchai, President of BCPG Public Company Limited (BCPG) revealed that the overall operating results for the year 2020 EBITDA grew by 30.2% from 2019 to 3,849 million baht, setting a record high. Results from new investment projects And the growth of existing investment projects
While total yearly income was 4,231 million baht, an increase of 23.5%, net profit from normal operations was 1,959 million baht, an increase of 13.5%.
Operating results for the fourth quarter of 2020 total revenues were 1,137 million baht, an increase of 15.9% from the same period of the previous year. The net profit from normal operations was 536 million baht, an increase of 24.5% from the same period last year.
The factors that support the performance in 2020 have a better direction. Because the company Recognize the full-year performance of the hydroelectric power plant project in Lao PDR “Nam San 3A” at the Group of Companies Acquired since September 2019 and the wind power plant project “Lom Ligor” that started commercial operation in April 2019.
In addition, revenue is gradually recognized from two new projects, the second hydroelectric power plant “Nam San 3B” in the Lao PDR, with a capacity of 45 MW, which was acquired in February 2020 and the power plant project. 4 solar power projects in Thailand Capacity of 20 megawatts acquired in August of the same year
At the same time, it also received a profit share from the geothermal power plant project. Due to reduced planned turnarounds And profit sharing from wind power plant projects in the Philippines That has been increased the cost of electricity per unit. In addition, selling and administrative expenses decreased significantly due to the decrease in business travel. Under the circumstances of the novel coronavirus disease (COVID-19) outbreak, along with the acquisition cost of advisors, have been reduced.
As of the end of 2020, total assets were 51,220 million baht, an increase of 37.9 percent from 2019, while total liabilities were 28,671 million baht, an increase of 32.8 percent by an increase in assets. And such liabilities This was mainly due to the purchase of the “Nam San 3B” hydroelectric power plant project in Lao PDR and 4 solar power plant projects in Thailand.
“2020 was the year that the company had record-breaking EBITDA. Which is the result of investment in new projects And the growth of existing investment projects that the Company Has operated continuously over the years And from the success of the Company’s capital increase in the past fourth quarter, the company has a stronger financial structure. Equity grew to 22,480 million baht, 45% growth with Debt to Equity Ratio at 1.27 times.
Ready to support investment plans in 5 years, the amount of approximately 40,000 million baht that can make the company The company’s EBITDA target will continue to grow by an average of 15% per year over the next five years, said Bundit.
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