Banpu Public Company Limited (SET: BANPU) has announced its 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows:
BANPU reported a net loss of $24 million, decreased by $83 million or 141% compared to 3Q2023. This was due to the declining market prices of coal and natural gas, despite an increase in coal sales volume, also a decrease in operating performance from gas-fired power plant in USA from milder temperature compared to the previous year, unrealized loss on foreign exchange rate translation recognition from an appreciation of THB currency against USD currency during 3Q2024.
BANPU noted that since 2Q2024 the Group has changed an accounting policy for the presentation of realized gains (losses) on derivatives for the forecasted transactions that are hedged, from separately present the realized gains (losses) on derivatives to include them in the forecasted transactions that are hedged, which are sales and cost of sales. The details were disclosed under note to financial statements no.6. Segment information.
Sales reported at $1,399 million (equivalent to THB 46,597 million), decreased by $159 million compared to 3Q2023, that a decrease derived from power and steam business $293 million, while increase from coal business $86 million, natural gas business $6 million, and other businesses $42 million.
