B.Grimm Power Public Company Limited (SET: BGRIM) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q24 | 2Q23 |
| Net Profit (Loss) Million Baht |
228.52 | 679.23 |
| Earning Per Share (Baht) |
0.0100 | 0.1800 |
| % Change | -66.36 | |
| 6 Months | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
607.17 | 1,079.36 |
| Earning Per Share (Baht) | 0.0700 | 0.2900 |
| % Change | -43.75 | |
BGRIM reported a net profit of THB 228 million in 2Q24, decreased 66.36% from a net profit of THB 679 million in 2Q23.
Normalised Net Profit (NNP) rose by 20.9% QoQ to THB 597 million from due to higher EGAT sale volume, lower gas cost and higher share of profit from improving performance of 3 SPP under UVBGP. Although this declined by 13.1% YoY due to higher finance cost and tax expenses from BOI expiration of 3 power projects during Q2’2024.
Net Profit for the quarter was THB 229 million, down from THB 679 million in the same period of last year due to higher financial cost and tax expenses of three power projects, together with a non-cash unrealised FX loss from the translation of outstanding US dollar debts as well as the Thai Baht (THB) and Vietnamese Dong (VND) depreciation against the US dollar. The FX loss for the quarter was THB 388 million, compared to a loss of THB 138 million in 2Q23.
The Board of Directors’ Meeting approved the interim dividend payment of THB 0.18 per share for 6M24 performance. The ex-dividend (XD) date is 26 August 2024, and the scheduled payment date is 6 September 2024.
