EP Records 74% Increase in 2020 Earnings from ฿1.5Bn Recognition of Asset Disposals

Eastern Power Group Public Company Limited (EP) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;

In 2020, EP reported a net profit of 1,135 million baht, increased 74.20% compared to a net profit of 651 million baht in 2019. The increase in net profit was due to a recognition of disposal of investment from solar power plants totaling 1,567.17 million baht, which are the sale of solar power plants in Thailand, a total of 4 projects. The total capacity of 20 Megawatts which consists of 2 projects at Bo-Ploi power plants, size10 Megawatts, Lopburi power plant 5 Megawatts and Prachinburi power plant 5 Megawatts and from the sale of solar power plants in Japan 3 projects with a total capacity of 31.75 Megawatts, 9.52 Megawatts Kurihara-1 project, the 12.24 MW Kurihara-2 project and 9.99 MW Kyotemba project in Q3-4Q20.

 

In addition, the Board of Directors of EP resolved a resolution to pay a dividend payment of ฿0.25/share to be paid on May 14, 2021. The ex-dividend date is April 27, 2021.