Energy Absolute Public Company Limited (SET: EA) has announced its 1Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 1Q22 | 1Q21 |
| Net Profit (Loss) Million Baht |
1,366.31 | 1,411.85 |
| Earning Per Share (Baht) |
0.37 | 0.38 |
| % Change | -3.23 | |
For the first quarter ended 31 March 2022, EA earned the net profit of THB1,366.31 million, decreased by THB45.54 million or 3.23% as compared to the same period of last year which incurred the net profit of THB1,411.85 million, as a result of a decline in the performance of generating and distributing electricity business, coupled with an increase in cost of sales and services.
Total revenue for the quarter was THB4,816.56 million, increased by THB110.13 million or 2.34% as compared to the same period of last year which incurred the total revenue of THB4,706.43 million. Revenue from operations was THB4,740.42 million, increased by THB37.70 million or 0.80% as compared to the same period of last year, mainly due to the increase of the performance of Biodiesel business, Battery and Electric vehicle business.
The revenue from generating and distributing electricity business was THB2,608.28 million, decreased by THB165.79 million or 5.98% as compared to the same period of last year which incurred the revenue THB2,774.07 million. This was mainly due to declined speed of wind.
Meanwhile, cost of sales and services presented an increase of THB349.40 million or 13.66%, as compared to the same period of last year, which incurred the total cost of sales of THB2,557.01 million.
