RATCH announces THB 6.9 bln profits in first nine months (2)

Nava Nakorn Electricity Generating (NNEG) project already entered Power Purchase Agreement (PPA) with EGAT, while Xe Pian Xe Namnoy Hydroelectric Power Project was granted Concession Agreement with Government of Lao PDR and expected to sign PPA with EGAT by the end of the year.

"The company's growth reflects the effectiveness of our business strategies, which strive to stable income and steady cash-flow. For the past 9 months, it has recognized income in form of dividend, profit sharing and interest income from joint-venture companies; whereas, the asset of the company has increased to THB 98 billion,” Mr. Noppol said.

“Furthermore, we are striving for a continual expansion for another 5,400 megawatts by participating in next round bidding of new IPPs in Thailand, and additional 100 megawatts in renewable energy. At the same time, RATCH is planning for new investment in fossil fuel and renewable energy power plants, and coal-mine business in particular targeted countries namely Lao PDR, Australia, Cambodia, Myanmar and Indonesia", ended Mr. Noppol.


For the first nine months of this year, the company’s total revenue amounted to THB 46 billion, 31 percent higher from the same period of last year and recorded a profit of THB 9.733 billion equivalent to THB 4.74 per share.

In the third quarter performance, the company reported THB 14.342 billion with a profit of THB 2.003 billion.

RATCH’s financial position is still strong proven by over THB 9.5 billion cash-on-hands and THB 34 billion retained earnings. Also, the company’s credit ratings rated by TRIS, Moody's and S&P are in the satisfactory level at AA, Baa1 and BBB+ respectively.