Ratch Group Public Company Limited (SET: RATCH) has announced its 2Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 2Q24 | 2Q23 |
| Net Profit (Loss) Million Baht |
2,290.25 | 2,124.85 |
| Earning Per Share (Baht) |
1.0500 | 0.9800 |
| % Change | 7.78 | |
| 6 Months | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
3,827.08 | 3,572.52 |
| Earning Per Share (Baht) | 1.7600 | 1.6400 |
| % Change | 7.13 | |
RATCH reported a net profit of THB 2,290 million in 2Q24, increased 7% from the same period of last year. The increase was mainly due to the recognition of profit sharing from Hin Kong Combined-Cycle Power Plants (HKP) Block 1 since the commercial operation date on March 1, 2024, as well as, the Company recognized the share profit of Paiton coal-fired thermal power plants (PE) which was acquired on April 30, 2024.
In the 2nd quarter 2024, the total revenues were THB 11,354 million. By excluding the Energy Payment (pass-through), the total revenue increased QoQ and YoY by 18.0% and 1.0% respectively. The main reasons were that the Company recognized the share profit of HKP Block 1 and the recognition of PE. However, the revenue from sales of SPPs decreased due to a reduction in the average gas price.
