Stock Dimension – GULF or Gulf Energy Development Public Company Limited reports Q1/67 budget with a net profit of 3,499 million baht, total income of 32,280 million baht, growing 19.6%, with the main income coming from electricity generation business of natural gas, about 28,819 million baht, grew 18.7% of the full quarterly revenue recognition of GPD Project Units 1-2, which opened for commercial operation during 2023.
There is also a share of the core profit from associates and joint ventures in Q1/67 at 2,640 million baht, an increase of 29.5%, received from INTUCH as well as lower natural gas costs, helping to support the profit of 7SPPs power plants under the NGD GJP and PTT Groups to improve. In addition, the BKR2 power plant produces more electricity from better wind speeds, and the DIPWP power station has more electricity and fresh water distribution volumes.
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