Earth Tech Environment Public Company Limited (ETC) kicked off its first trading day with a jump of ฿1.76/share or 67.69% to ฿4.36/share with a trading value of 722.10 million baht.
With an IPO of ฿2.60/share, ETC, as a subsidiary of Better World Green Public Company, Limited (BWG), was listed in the Market for Alternative Investment (mai) as an electricity generation and distribution from renewable energy and integrated engineering, procurement, and construction (EPC) company.
ETC reported its 2Q20 earnings at 60 million baht, increased 158.66% compared to the same period of last year. Its 2H20 profit was 82.36 million baht, increased 124.84% YoY. The increase was mainly due to its sales of electricity increased as the company recognized RH’s and AVA’s sales of electricity in the entire second quarter of 2020