Ubon Bio Ethanol Public Company Limited (SET: UBE) has announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Yearly | 2021 | 2020 |
| Net Profit (Loss) Million Baht |
320.877 | 99.331 |
| Earning Per Share (Baht) | 0.1053 | 0.0362 |
| % Change | 223.1 | |
UBE reported a net profit of THB320.9 million in 2021, making the year-over-year growth of THB221.6 million or 223.1% mainly contributed by the continuous growth of high-value products i.e. organic starch and industrial-grade ethanol, and the increase in fuel-grade ethanol spread from higher in selling price.
In 2021, UBE recognized total sale revenue of THB6,966.7 million, an increase of THB2,532.3 million or 57.1% from the previous year, mainly from an increase in sale revenue of starch products both native and organic starch, due to an increase in customer demand following the ease of COVID-19 situation in destination countries i.e. China, European countries, and the United States. In addition, the increase in ethanol sale revenue came from both industrial-grade ethanol (driven by COVID-19 outbreak) and fuel-grade ethanol, which increased in selling price and sale volume following the ease of lockdown.
