Mr. Worawat Pitayasiri disclosed that 2Q24 operating results totaled 23,877 million baht and a net profit of 1,429 million baht. A 362% increase over the same period last year (YoY) and 65% increase in net profit compared to the 1st quarter (QoQ) of 2024 SPP (small power producer). Both electricity and steam sold to industrial customers increased.
In terms of operating results for the first 6 months of 2024, the company posted a net profit of 2,293 million baht, an increase of 61% compared to the first 6 months of 2023, driven by increased demand for electricity and steam from industrial customers. Including electricity sales volume returning to normal. In addition to increasing efficiency in managing production costs and other selling and administrative expenses from an improving energy situation. According to the budget control plan of the company
The company is also aggressively expanding its renewable energy portfolio. It shows the successful results for various projects of Avada Energy in the past which can be achieved faster than planned and it's ability to run the business efficiently. Avada Group and GPSC are poised to advance the development of clean energy and energy innovation.
Overall, GPSC's activities still focus on increasing efficiency in the power and steam generation sectors. To increase strength in continuous search for investment opportunities both domestically and abroad including financial cost management. This is being done to achieve the company's target of Net Zero Greenhouse Gas Emissions by 2060, in addition to creating environmentally sustainable energy innovations.
By InfoQuest News Agency (08 Aug 2024)
Tags: GPSC, Vorawat Pitayasiri, Thai Stocks, Global Power Synergy
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