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RATCH announced THB 5,831 Million 9-month operating profit

Nonthaburi: Ratchaburi Electricity Generating Holding PCL. (RATCH) announced the 9-month operating performance ended at 30 September 2013 that the Company has THB 5,830.77 million net profit representing THB 4.02 per share. In this year, RATCH has recorded revenues from 13 renewable projects consisting of 8 solar farms of Solarta project, 3 solar farms of Solar Power project and 2 wind farms of Huay Bong project.

Mr. Pongdith Potchana, Chief Executive Officer of RATCH disclosed that the Company has put the best effort in asset management by maintaining the power plants’ availability efficiency for maximum production and less fuel consumption. Also, cost efficiency management has successfully been implemented resulting to cost of sale and administrations significant decrease in this period. RATCH has closely followed up development and construction of committed projects in Thailand and aboard ensuring that their advancement has completed according to timeline. It is expected that Ratchaburi World Cogeneration power plant and Songkhla Biomass power plant projects will be completed and generate additional revenues to the Company in next year.

For the 9-month operating performance, the Company recorded THB 41,155.84 million revenues which mainly derived from THB 38,102.32 million sale and service revenues, THB 909.41 million sharing profits from joint ventures and associate entities, the interest and dividend incomes of THB 354.88 million and THB 220.90 million respectively. RATCH realized THB 35,286.33 million costs and expenses and THB 8,274.56 million profits before financing costs and income tax expenses. In the period, RATCH accounted THB 1,245.63 million financing cost and THB 1,159.41 million income tax expenses.

Mr. Pongdith added that “the company maintains its target on driving continued growth of incomes by acquiring operating assets to supplement during developing greenfield projects. This helps strengthen income and steady cash flow to the Company so as to facilitate on its consistent investment growth with lower financing cost. As of 30 September 2013, the Company accounted THB 39,123.35 million retained earnings and THB 7,489.45 million cash on hand which reflects to the Company’s liquidity and readiness for potential investment in greenfield projects or acquisition.

For the 3rd quarter operating result of 2013 (1 July– 30 September), the company recorded THB 13,474.52 million revenues and THB 2,122.19 million net profits.

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Media Contact:

Ratchaburi Electricity Generating Holding PCL
Public Relations Department

Wiwan Phayakvichien 
Tel: 0 2794 9941 E-mail: wiwanp@ratch.co.th

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