CKPower’s total revenue in the first quarter increased by 442.0 million baht.
Date 12 May 2022 time 14:10
CKPower’s total revenue in the first quarter increased by 442.0 million baht, continuing to increase investment in renewable energy Continue to grow
Mr. Thanawat Trivisvavet, Managing Director of CK Power Public Company Limited or CKPower (Security Symbol: CKP), is one of the largest renewable energy power producers in the region. Revealed the company’s operating results in the first quarter of 2022 that CKPower had total revenue of 2,543.0 million baht, an increase of 442.0 million baht from the same period of the year 2021 or an increase of 21.0% and a net profit of 38.7 million baht.
The main factor contributing to the company’s revenue growth during the first quarter of 2022 was the sharp rise in natural gas prices in line with the global market situation. As a result, the income in the Bang Pa-In Power Plant cogeneration Increased as well. The price of natural gas increased. In addition, operating expenses, mainly natural gas, increased by 627.6 million baht or 39.9% increase as well. The company continues to have positive factors from a decrease in share of loss from investments in jointly controlled entities and associated companies. Compared to the same period of last year, amounted to 29.2 million baht, mainly due to the better performance of Xayaburi Power Company Limited (XPCL).
Thanawat said that the company expects the natural gas price situation in the world market to remain volatile and stay high for some time. However, the water situation of the Nam Ngum 2 Hydroelectric Power Plant and the Xaya Hydroelectric Power Plant Buri tends to be better than the same period last year. In the first quarter of 2022, the amount of water flowing into the Nam Ngum 2 Hydroelectric Power Plant increased by 86.9% and the amount of water flowing through the Xayaburi Hydroelectric Power Plant increased by 23.2% compared to the same period of the year 2021. If the water situation continues to be good for the rest of the year The company’s two hydroelectric power plants will be key positives that will support CKPower’s overall solid performance.
“CKPower’s business direction and goals in 2022 are focused on becoming one of the lowest carbon footprint power producers. To support Thailand’s goal of achieving a Net Zero Greenhouse Gas Emissions society by 2065, CKPower has set an investment budget of 2,600 million baht to increase capital in proportion to the development. a new hydroelectric power plant project in Lao PDR and additional investment in other renewable energy projects such as solar power, hydropower and wind power in order to reach the Company’s installed capacity target of 4,800 megawatts by 2024 and increase The proportion of production capacity from renewable energy is not less than 95% of the total production capacity of the company,” said Mr. Thanawat.
In addition, the 2022 Annual General Meeting of Shareholders has also approved the dividend payment from the operating results of 2021 at the rate of 0.080 baht per share from the net profit according to the separate financial statements. totaling approximately 650.4 million baht by paying dividends in this time This is CKPower’s record high dividend payout, and the company will pay a dividend on May 20, 2022.
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