Robust Performances of PP in Thailand/Japan Buoys BCPG’s 1Q Profit by 28.7%!

BCPG recorded net profit of THB 491.6 million, increased by 28.7% due to robust performances of power plants in Thailand and Japan.

BCPG Public Company Limited (BCPG) has reported its 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

BCPG recorded net profit of THB 491.6 million, increased by THB 109.6 million or 28.7% from Q1/2018 and significantly increased by THB 181.8 million or 58.7% from Q4/2018. The major increase was mainly due to robust performances of power plants in Thailand and Japan resulted from more favorable weather conditions, full-quarter recognition of 3 new projects which were COD during 2018 as well as an increase in the share of profit from associates particularly at the wind power plant in the Philippines. Furthermore, a record of FX gain of THB 37.6 million, compared to a loss in the prior year, also supported growth.

 

On QoQ basis, net profit increased by 58.7% or THB 181.8 million mainly due to robust performance given good weather conditions at solar power plants in Thailand and in Japan, a record of FX gain, compared to FX loss at THB 17.1 million in Q4/2018 as well as increased share of profit from associates from wind power plant and geothermal power plants in Indonesia.

In terms of net profit margin in Q1/2019 stood at 60.9%, versus 47.7% in Q1/2018 and 38.0% in Q4/2018

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