Post by account_disabled on Dec 26, 2023 4:34:36 GMT -5
WHA Utilities and Power Public Company Limited (WHAUP) announced operating results for the first quarter of 2020, with revenue and profit sharing from normal operations of 662 million baht and Has a profit from normal operations of 219 million baht Normalized Net Income, which is the main index reflecting the company's core performance, dropped 19%, with performance in the power business remaining strong. Meanwhile, the utility business has been affected by the drought situation in Thailand. and the impact of the COVID-19 situation, while net profit was affected by a net loss from foreign exchange on converting US dollar loans of approximately 178 million baht, compared to a profit of 95 million baht in the same quarter of the year. before The loss from such exchange rate has no effect on the Group's cash flow.
Mr. Niphon Bundechanan, Chief Executive Officer of WHAUP, said, “The Group's electricity business still has good core operating results. The company recorded a normalized share of profit from the electricity business group of 251 million baht for the first quarter of 2020, an increase of 36% in the same period last year. The operation of the IPP power plant project remains stable as usual. Meanwhile, the company received an additional share of profits from the Chonburi Clean Energy (CCE) industrial waste power plant beginning commercial WhatsApp Number List operations. As for SPP projects, the Company currently has investments in 8 SPP projects, all of which are already in commercial operation. in the past quarter The overall volume of electricity sold to industrial customers of SPP projects increased approximately 5%. However, 2 SPP power plants (out of a total of 8) had maintenance as planned. The duration is approximately 15 days at each location. In addition, the Electricity Generating Authority (EGAT) has received less electricity.
the past quarter due to maintenance of transmission lines in the area. With these two factors, the total electricity sales volume decreased by approximately 5%. The company expects that the electricity sales volume to EGAT is approximately 75%-80% of the total sales volume. It is likely to improve in the next quarter. Chief Executive Officer of WHAUP added that “In terms of the utility business in Thailand, Drought conditions affect operating results to a certain extent. The government has come up with various measures to alleviate the drought situation. On the demand side of water use, the government has asked for cooperation from all sectors. Including the industrial sector Collaborated to reduce water use by 10%. The reduced water sales volume caused the gross profit to decrease by approximately 25 million baht in this quarter. Compared to the same period last year On the supply side, the company has decided to accelerate investment in the Reclaimed Water project by increasing production capacity from 10,000 cubic meters per day to 30,200 cubic meters per day. This additional production capacity will be completed during June. In addition to strengthening the security of the company's water supply, It will also help increase your ability to make a profit. After the production expansion is completed.
Mr. Niphon Bundechanan, Chief Executive Officer of WHAUP, said, “The Group's electricity business still has good core operating results. The company recorded a normalized share of profit from the electricity business group of 251 million baht for the first quarter of 2020, an increase of 36% in the same period last year. The operation of the IPP power plant project remains stable as usual. Meanwhile, the company received an additional share of profits from the Chonburi Clean Energy (CCE) industrial waste power plant beginning commercial WhatsApp Number List operations. As for SPP projects, the Company currently has investments in 8 SPP projects, all of which are already in commercial operation. in the past quarter The overall volume of electricity sold to industrial customers of SPP projects increased approximately 5%. However, 2 SPP power plants (out of a total of 8) had maintenance as planned. The duration is approximately 15 days at each location. In addition, the Electricity Generating Authority (EGAT) has received less electricity.
the past quarter due to maintenance of transmission lines in the area. With these two factors, the total electricity sales volume decreased by approximately 5%. The company expects that the electricity sales volume to EGAT is approximately 75%-80% of the total sales volume. It is likely to improve in the next quarter. Chief Executive Officer of WHAUP added that “In terms of the utility business in Thailand, Drought conditions affect operating results to a certain extent. The government has come up with various measures to alleviate the drought situation. On the demand side of water use, the government has asked for cooperation from all sectors. Including the industrial sector Collaborated to reduce water use by 10%. The reduced water sales volume caused the gross profit to decrease by approximately 25 million baht in this quarter. Compared to the same period last year On the supply side, the company has decided to accelerate investment in the Reclaimed Water project by increasing production capacity from 10,000 cubic meters per day to 30,200 cubic meters per day. This additional production capacity will be completed during June. In addition to strengthening the security of the company's water supply, It will also help increase your ability to make a profit. After the production expansion is completed.