BCPG Grows 19.5% in 2Q19 after a Full Revenue Recognition of WVO and Commence of Lomligor

BCPG Public Company Limited (BCPG) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

BCPG recorded net profit of THB 463.8 million, increased by THB 75.7 million or 19.5% from 2Q18 mainly due to the full revenue recognition of two cooperative solar projects with War Veterans Organization of Thailand, “WVO”. The operation of wind power plant project, “Lomligor”, on the middle of April 2019 also contributed to the higher net profit in the second quarter of 2019 as well.

During 2Q19, BCPG recorded revenue from solar power plants in Thailand of THB 765.7 million, increased by 7.5% YoY which resulted from an increase of electricity generation by 9.9% YoY to 73.3 GWh.

In 2Q19, BCPG  recorded revenue from a wind power plant in Thailand which first quarter commenced operation in the quarter of THB 15.9 million. However, in general, Q2 is a low season that has lower wind speed compared to Q3 and Q4 that are a high season which has higher wind speed.