Ubon Bio Reaches Profit in 3Q21, Earning THB97 Million on Strong Ethanol Sales Volume
UBE’s total profit amounted to THB 97.4 million, making the year-over-year growth of THB 101.1 million from a net loss of THB 3.75 million in 3Q20
Ubon Bio Ethanol Public Company Limited (UBE) announced its 3Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;
In 3Q21, UBE’s total profit amounted to THB97.4 million, making the year-over-year growth of THB 101.1 million from a net loss of THB3.75 million in 3Q20, and the total revenue of THB2,087.3 million, making the year-over-year growth of THB980.7 million or 88.6% from the increase in ethanol sales volume, especially industrial-grade ethanol which driven by high public demand due to an increase in COVID-19 cases.
For the first nine months’ operating results of the year 2021, UBE had total revenues of THB5,033.4 million, increased THB1,822.6 million or 43.2% with the net profit of THB204.0 million, increased THB136.0 million or 200.1% compared to the first nine months of the previous year.
