BCPG Public Company Limited (SET: BCPG) has announced its 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss) Million Baht |
-28.38 | 564.77 |
| Earning Per Share (Baht) |
-0.0100 | 0.1900 |
| 9 Months | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
1,655.57 | 1,277.73 |
| Earning Per Share (Baht) | 0.5500 | 0.4400 |
| % Change | 29.57 | |
BCPG reported a net loss of THB 28.38 million in 3Q24, contrasted to its net profit of THB564 million in the same period of last year.
Meanwhile, BCPG recorded core profit of THB 452.7 million, decreased by 7.9% YoY but increased by 356.1% QoQ.
During the quarter, the company reported lower revenue from solar power plants in Thailand due to the expiration of the adder schemes. The company also saw reduced revenue from wind power projects in Thailand due to a decrease in Ft rate.
There was no revenue contribution from the Japan solar power projects in Q3/2024 after the sales of its assets in June 2024. Moreover, there is also a decrease in share of profit from wind power plants in the Philippines due to higher expenses from the partly COD of Nabas 2.
Still, the company recorded increased contributions from the tank terminal and seaport in Thailand, hydropower plants in Lao PDR, and combined cycle gas turbines (CCGTs) in the SA partially mitigated these negative impacts.
In Q3/2024, total revenue was at THB 1,124.6 million, reduced by 28.1% YoY but rose by 3.8% QoQ.
