WHA Utilities & Power posts record net profit for 2018
WHA Utilities & Power Plc (WHAUP) in 2018 had Bt1.7 billion in total revenue from sales and services, and posted a record-high net profit of Bt2.25 billion, a 13.7 per cent growth over last year.
The performance was attributed to large growth in water sales and a share in the profit from investments in the power business – mainly from the Gheco-One power plant and the full-year operation of five SPPs after their COD in 2017.
The WHAUP’s Board of Directors has proposed a 2018 dividend payment of Bt0.2115 per share to the shareholder’s meeting.
The company’s chief executive officer, Wisate Chungwatana, said the 2019 business plan would see the company continuing to expand its water business by targeting to sell 120 million cubic metres, and adding another 43MW to their portfolio to total 570MW.
In additional, the WHA Eastern Seaboard NGD 2 project will become operation for the full year in 2019 after the start of COD in December last year.
