EA Books ฿1.2bln. of Profit Merrily in 3Q from 126MW Wind Farm!

Energy Absolute Public Company Limited (EA) has reported its 3Q18 consolidated financial statement through the Stock Exchange of Thailand as follows:

In 3Q18, EA earned the net profit of ฿1,274.58 million, increased by ฿298.46 million (or increased 30.58%) as compared to the same period of last year which incurred the total net profit of ฿976.12 million.

Meanwhile, in 9M18, EA earned the net profit of ฿4,206.26 million, increase by ฿1,284.38 million (or increased by 43.96%) as compared to the same period of last year which incurred the total net profit of ฿2,921.88 million.

 

The high profit was mainly because of the generating and distributing electricity. For the three-month and nine-month periods ended September 30, 2018, the revenues increased by ฿127.82 million and ฿584.57 million (or increased by 6.62% and 11.12%), respectively.

This is due to the 126-MW, wind power plant of subsidiary companies at Songkla and Nakorn Si-Thammarat Province was commenced operation on 3rd March, 10th June and 23rd June 2017 respectively resulting to revenue recognition through nine-month period of this year.