Eastern Power buys back Bt1.38m in shares
Eastern Power Group (EP) has bought back 353,800 shares worth over Bt1.38 million so far this month.
According to the Securities and Exchange Commission (SEC), EP chairman Yuth Chinsupakul bought back 123,800 shares worth over Bt480,000 at Bt3.88 per share on November 2, 30,000 shares worth over Bt110,000 (Bt3.93 per share) on November 3, and 200,000 shares worth over Bt790,000 (Bt3.95) on November 9.
EP’s share price in October rose by 3.19 per cent to Bt3.88 and has climbed another 0.5 per cent so far in November to Bt3.92.
In September, EP’s board of directors approved selling its stake in three power plants in Japan for Bt1.99 billion to support business expansion and repay loans.
EP registered profits of Bt132.45 million for the past six months, down Bt39.34 million or 22.9 per cent from the same period last year, while its revenue dropped to Bt707.30 million, down 0.5 per cent year on year.
The company's revenue from its publishing business dropped by Bt72.74 million or 21.95 per cent year on year, but revenue from electricity sales rose by Bt69.73 million or 25.53 per cent from its Kurihara 2 power plant in Japan, which started selling electricity on November 25, 2019.
