Ratch Group Public Company Limited (SET: RATCH) has announced 2024 consolidated financial statement through the Stock Exchange of Thailand as follows:
| Quarter | 2024 | 2023 |
| Net Profit (Loss)
Million Baht |
6,126.78 | 5,167.25 |
| Earning Per Share
(Baht) |
2.8200 | 2.3800 |
| % Change | 18.57 | |
RATCH reported a net profit in 2024 of Baht 6,126.78 million, an increase of Baht 959.53 million or 18.57% compared to the previous year. The increase in net profit was due to effective expense management and EBITDA gain.
In 2024, the total revenues were THB 42,203 million. By excluding the Energy Payment (pass-through), the total revenue decreased by 1.1%. The main reason was the decrease in sales revenue from the SPPs, as a result of lower average gas price.
In 2024, the EBITDA and profit attributable to the company’s shareholders, by excluding the effect of FX, were THB 15,906 million and THB 6,222 million respectively. 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 on April 30, 2024. Moreover, the Group has been able to maintain the efficiency and availability of the existing power plants, resulting in strong operational performance and a consistently stable cash flow.
