Robust Performances of PP in Thailand/Japan Buoys BCPG’s 1Q Profit by 28.7%!

BCPG Public Company Limited (BCPG) has reported its 1Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

BCPG recorded net profit of THB 491.6 million, increased by THB 109.6 million or 28.7% from Q1/2018 and significantly increased by THB 181.8 million or 58.7% from Q4/2018. The major increase was mainly due to robust performances of power plants in Thailand and Japan resulted from more favorable weather conditions, full-quarter recognition of 3 new projects which were COD during 2018 as well as an increase in the share of profit from associates particularly at the wind power plant in the Philippines. Furthermore, a record of FX gain of THB 37.6 million, compared to a loss in the prior year, also supported growth.

 

On QoQ basis, net profit increased by 58.7% or THB 181.8 million mainly due to robust performance given good weather conditions at solar power plants in Thailand and in Japan, a record of FX gain, compared to FX loss at THB 17.1 million in Q4/2018 as well as increased share of profit from associates from wind power plant and geothermal power plants in Indonesia.

In terms of net profit margin in Q1/2019 stood at 60.9%, versus 47.7% in Q1/2018 and 38.0% in Q4/2018