RATCH Group Public Company Limited (SET: RATCH) has announced its 3Q24 consolidated financial statement through the Stock Exchange of Thailand as follows;
| Quarter | 3Q24 | 3Q23 |
| Net Profit (Loss) Million Baht |
1,658.12 | 1,182.18 |
| Earning Per Share (Baht) |
0.7600 | 0.5400 |
| % Change | 40.26 | |
| 9 Months | 2024 | 2023 |
| Net Profit (Loss) Million Baht |
5,485.20 | 4,754.69 |
| Earning Per Share (Baht) | 2.5200 | 2.1900 |
| % Change | 15.36 | |
RATCH reported in the 3rd quarter of 2024, the company having a profit of THB 1,658 million, an increase of 40.3% YoY. Meanwhile, the total revenues were THB 11,265 million. By excluding the Energy Payment (pass-through), the total revenue increased YoY by 14.2%.
The main reasons were that the Company recognized the share profit of HKP Block 1 since the commercial operation date on March 1, 2024, as well as, the Company recognized the share profit of PE which was acquired since April 30, 2024. Meanwhile, the revenue from sales of SPPs decreased due to a reduction in the average gas price. However, the total revenue decreased QoQ by 0.9% as the share profit of PNPC and HPC decreased mainly due to USD depreciated in relative to THB. Moreover, there was the planned shutdown of the combined cycle power plant unit 1 of RG from August 25 to October 15, 2024.
