Banpu Public Company Limited (SET: BANPU) has announced its 2023 consolidated financial statement through the Stock Exchange of Thailand as follows;
Banpu group performance for 2023 reported net profit at $160 million, decreased by $1,002 million or 86% compared to 2022. This was primarily due to a decrease in natural gas and coal price compared to the previous year, resulting in a decrease in royalty fees and a decrease in loss on financial derivatives as well. In addition, the group invested in a Temple II gas-fired power plant in the USA that has already achieved commercial operation date and immediately generated income and cashflows. The group has strategically managed its cost and expense, allowing the group to navigate the uncertainties of the energy market and maintain a consistent cash flow stream.
Sales reported at $5,159 million (equivalent to THB 179,619 million), decreased by $2,534 million compared to 2023, that derived from a decrease from coal businesses $1,880 million, natural gas business $923 million, while an increase in power and steam business $186 million and other businesses $83 million.
In addition, the company announced a dividend payment of THB0.20 per share to be paid on 30 April 2024. The ex-dividend date is 5 April 2024.
