Q1 very profitable for renewable energy giant BCPG
BCPG, a leading producer of renewable and alternative power, made a net profit of Bt574 million in the first quarter – up Bt82 million or 16.7 percent year-on-year thanks to Bt325 in foreign exchange earnings.
Bundit Sapianchai, BCPG president, said the operation of several renewable energy power plants and solar energy to name a few were contributing to the company’s growth.
“The company’s revenue stood at Bt886 million, up 9.7 percent year-on-year, while earnings before interest, tax, depreciation and amortisation was Bt825 million, up 12.8 percent year-on-year,” he said.
“As of March 31, the company’s assets were worth Bt42.491 billion, up Bt5.354 billion or 14.4 percent quarter-on-quarter mainly due to the purchase of Nam San 3B hydroelectric power plant in Laos in February.”
He added that in the second quarter, BCPG will develop digital products and services in collaboration with state and private partners in a move to use innovation to effectively manage clean energy.
“The company is also developing technology and expanding across Asia, which is helping boost stability and letting us explore different types of renewable energy power options,” he added.