Banpu Public Company Limited (SET: BANPU) has announced its 2Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q22 | 2Q21 |
| Net Profit (Loss) Million Baht |
12,789 | 1,325 |
| Earning Per Share (Baht) |
1.89 | 0.221 |
| % Change | 865 | |
| 6 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
23,053 | 2,860 |
| Earning Per Share (Baht) | 3.407 | 0.477 |
| % Change | 706 | |
In 2Q22, BANPU reported a net profit of THB12,789 million, a significant rise of 865% compared to the net profit of THB1,325 million in the same period of the previous year. This was mainly due to an increase in coal and natural gas price that supported overall company performance.
The coal average selling price (ASP) during the quarter increased by 20% QoQ to 156.66 USD/ton, while the local price of US Natural gas increased to average of 6.64 USD/Mcf, up by 38% compared to previous quarter.
BANPU also recognized a bargain purchase from gas business acquisition in the USA of $164 million, resulting from excess of fair value of net asset acquired over consideration paid. Moreover, the company consolidated performance from new power plants invested during 2021, those were Temple I gas-fired power plant in the USA, solar power plants in Australia and wind power plant in Vietnam.
Meanwhile, sales reported at $1,773 million (equivalent to THB60,986 million), increased by $974 million compared to 2Q21. An increase of sales $651 million derived from coal businesses, $227 million from natural gas business, and $96 from power and steam business and others.
