Gain from FX Buoys RATCH’s 1Q21 Earnings to Record 53% Growth at ฿2,087Mn
A gain from foreign exchange in 1Q21 led RATCH to record a net profit of 2,087 million baht, representing an increase of 53% YoY.
Ratch Group Public Company Limited (RATCH) has announced its 1Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;
RATCH reported a net profit of 2,087 million baht in 1Q21, increased 53.43% from a net profit of 1,360 million baht in 1Q20. The increase is owing to the gain on FX which increased the profit in the amount of 890.69 million baht. Without the effect of FX, the operating result for the 1st quarter of 2021 showed a profit of 1,820.20 million baht, decreased from the same period of the previous year by 163.65 million baht. The decrease is owing to planned maintenance of Ratchaburi Electricity Generating Company Limited and Hongsa Power Company Limited, an indirect joint venture in proportion of 40 percent. While, the hydro power plant’s performance increased due to higher electricity generation.