Banpu Public Company Limited (SET: BANPU) announced its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 1Q22 | 1Q21 |
| Net Profit (Loss) Million Baht |
10,264.21 | 1,535.11 |
| Earning Per Share (Baht) |
1.5170 | 0.2560 |
| % Change | 568.63 | |
BANPU reported a net profit of THB 10,264 million in 1Q22, increased 568% from a net profit of THB 1,535 million in 1Q21. The improvement was mainly driven by the continued rising global commodity prices especially coal and natural gas in response to growing demand, led by the reopening of economic activities as the coronavirus pandemic appeared to be less severe. While the supply of both coal and gas from major exporting countries still cannot pace up with the growing demand due to several constraints i.e., unfavorable weather conditions, changing regulations and uncertainty from the Ukraine and Russia crisis. Banpu will remain cautious and mindful to ensure operational consistency to serve the ongoing demand of our customers and ability to effectively utilize investment budget to continue to accelerate the sustainable greener & smarter portfolio transformation as planned.
In 1Q22, our 3 core businesses report strong operational results with EBITDA of USD 596 million, Coal business reported EBITDA of USD 400 million (down by 9% QoQ), Gas business reported EBITDA of USD 167 million (down by 19% QoQ), Power business reported EBITDA of USD 37 million (up by 36% QoQ), and Energy Technology business reported EBITDA of USD (-7) million. This quarter, Banpu also recognized the gain from divestment of 47.5% shareholding in Sunseap for USD 179 million.
