Electricity Generating Public Company Limited (SET: EGCO) has announced its consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q22 | 3Q21 |
| Net Profit (Loss) Million Baht |
(392.470) | 1,073.796 |
| Earning Per Share (Baht) |
(0.75) | 2.04 |
| % Change | -137 | |
| 9 Months | 2022 | 2021 |
| Net Profit (Loss) Million Baht |
2,946.452 | 3,169.664 |
| Earning Per Share (Baht) | 5.60 | 6.02 |
| % Change | -7 | |
In 3Q22, EGCO reported a net loss of THB 393 million, decreased by 137% or THB 1,467 million compared to 3Q21, mainly due to the Baht depreciation, as a result, the Group recognized a higher unrealized loss on foreign exchange from the conversion of foreign denominated debt to Thai Baht.
The operating profit for the 3-month period ended September was THB 2,954 million, decreased by 8% or THB 255 million compared to 3Q21, mainly due to the operating profit of NTPC was lower water level and NED ended the revenue from the subsidy of adders on December 21, 2021. Moreover, EGCO Cogen was higher fuel unit price. Additionally, Apex was recognized for a write-off of a deferred financing fee due to financial restructuring.
Net profit for the 9-month period of 2022 was THB 2,946 million, decreased by 7% or THB 224 million compared to 2021, mainly due to the Baht depreciation. Moreover, EGCO Group recognized a higher unrealized loss on remeasurement of financial instruments. Both of the above items were accounting impacts, which had no impact on cash flow and operations.
The operating profit for the 9-month period was THB 10,345 million, increased by 28% or THB 2,290 million compared to 2021, mainly due to the operating profit of Paju ES was higher electricity revenue. KEGCO, XPCL and GPG had higher electricity sales. Moreover, MME has a higher export of coal and coal unit price. Additionally, NT1PC commenced commercial operation to supply electricity on August 12, 2022.
As of September 30, 2022, EGCO’s portfolio has a total capacity of 6,079 MW equity, consists of 33 domestic and overseas power plants, operating power plants, with a total capacity of 5,842 MW equity and; construction projects, with a total capacity of 237 MW equity; and there are 9 other related power businesses.
Furthermore, EGCO has an additional construction project to replace the existing power plant, with a capacity of 60 MW equity.
