AEC Feed

Ratchaburi Electricity Generating Holding has announced a profit of Bt4.52 billion last year, before foreign-exchange loss, representing a decrease of 24 per cent from 2014.

The year’s total revenues rose to Bt59.33 billion, increasing by Bt1.42 billion from 2014, and reflecting the company’s financial stability and steady growth. Net profit of the company last year, after foreign-exchange loss, was booked at Bt3.19 billion.

The board of directors will seek shareholders’ approval on a dividend payment of Bt2.27 per share, expected to be paid on April 27, the company’s CEO Rum Herabat said.

Ascott seeks ally

Singapore-listed CapitaLand’s wholly owned serviced-residence business unit, The Ascott Limited, aims to fast-track its expansion into the China market by forging a strategic alliance with that country’s biggest construction company.

Ascott said that through its alliance with Dongfu Investment Development Corporation - a subsidiary of China State Construction Engineering Company (CSCEC) – it would have first right to manage apartments currently under development as well as future projects to be built by Dongfu Investment.

Both parties will draw on each other's capabilities, resources, brands and sales network to expand in China. – The Straits Times