CK Power Public Company Limited (SET: CKP) announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Yearly | 2021 | 2020 |
| Net Profit (Loss) Million Baht |
2,179.013 | 404.714 |
| Earning Per Share (Baht) | 0.268 | 0.05 |
| % Change | 438 | |
CKP reported a net profit of THB2,179 million in 2021, an increase of 438% from a net profit of THB404 million in 2022. An increase in net profit mainly came from a YoY increase in revenue from sales of electricity of NN2; and a YoY increase in the share of profit from investment in XPCL following higher electricity sales volume and lower finance cost compared to the previous year, together with the increase in ownership of XPCL from 37.5% to 42.5% at the end of Q2 2021.
Meanwhile, total revenue increased by 30.1% YoY to THB9,335 million, mainly driven by: (1) an increase in revenue from sales of electricity of NN2 following higher electricity sales volume due to higher water inflow during 2021 compared to the previous year and higher water level in the reservoir at the beginning of 2021. (2) An increase in revenue from sales of electricity and steam of BIC following higher average natural gas price and YoY growth in electricity sales volume. (3) An increase in project management income mainly from the recognition of project management income from the Luang Prabang Hydroelectric Power Project from Q4 2020.
In addition, the Board of Directors passed a resolution to pay the dividend from the year 2021 at the rate of THB0.08 per share. The Ex-dividend date (XD) is set for 5 May 2022. The payment of the interim dividend will be made on 20 May 2022.
