Ratch reports 9-month net profit of Bt5.83 bn
RATCHABURI ELECTRICITY Generating Holding has continued to grow its income by acquiring operating assets to supplement its revenue while developing greenfield projects. The company recorded net profit of Bt5.83 billion in the first nine months of this yea
Ratch has recorded revenues from 13 renewable projects consisting of eight solar farms of the Solarta project, three solar farms of the Solar Power project and two wind farms of the Huay Bong project.
Chief executive officer Pongdith Potchana said the company has put its best effort into asset management by maintaining power plants’ efficiency for maximum production and low fuel consumption. Also, cost efficiency has been managed successfully, resulting in significant decreases in the cost of sales and administration in this period.
Ratch says it has closely followed up development and construction of committed projects in Thailand and abroad ensuring that they have advanced according to timeline. It is expected that the Ratchaburi World Cogeneration and Songkhla Biomass power-plant projects will be completed and begin generating additional revenues for the company next year.
In the first nine months of this year the company recorded Bt41.15 billion in revenues, derived from Bt38.1 billion sales and service revenues, Bt909.41 million shared profits from joint ventures and associate entities, the interest of Bt354.88 million and dividend income of Bt220.90 million.
