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RATCH announced THB 6.167 billion profit for the first nine months of 2014 11% revenue growth due to effective asset management

Nonthaburi: Ratchaburi Electricity Generating Holding Public Company Limited (RATCH) reported its operating performance for the first nine months of 2014 (January-September). The Company recorded the profit of THB6.167 billion, increasing by 10% over year, with earning per share of THB4.25. Also, the operating revenues reached THB43.11 billion, growing up to 11 percent.

Mr. Pongdith Potchana, Chief Executive Officer of RATCH, said that in the first nine months, RATCH can maintain its profitable growth as targeted. The earnings before finance costs and income tax expenses (EBIT) strongly maintained at THB 8.206 billion. The significant revenues including revenues from sale of electricity, share of profits from jointly controlled entities, and dividend income increased satisfactorily thus strengthening the Company’s solid cash flow and financial stability.

“The THB6.167 billion profit is benefited from the efficiency management of commercially operated power plants, effective management of non-performing asset, cost control and financial cost reduction which not only generate more value for RATCH, but also respond to the Company’s 10-year business strategy that aims to enhance the enterprise value to THB282 billion in 2023 from THB108 billion at present. Since November this year, the Company recognizes the revenue from 105-megawatt Ratchaburi World Cogeneration plant Unit 1 which generates and distributes electricity to the Electricity Generating Authority of Thailand (EGAT). It will better boost RATCH’s income and our enterprise value,” Mr. Pongdith added.

For the nine-month operating performance in 2014, the Company recorded the total revenues of THB43.11 billion, growing by 11.13 percent compared to the same period of last year mainly supported from the revenue from sales and rendering service amounting to THB35.71 billion, increasing by THB3.40 billion from 2013, share of profits from jointly controlled entities amounting to THB1.03 billion, increasing by 62.07%, interest and dividend incomes amounting to THB187.57 million and THB235.95 million respectively.

As a leading Independent Power Producer in Thailand, RATCH currently accounts the total installed equity capacity of 6,565 megawatts deriving from commercially operated projects of 5,561 megawatts and developing and construction projects of 1,004 megawatts which are located in four investment destinations namely; Thailand (4,936.5 megawatts), Lao PDR (1,096.5 megawatts), Australia (509.52 megawatts) and Japan (22.48 megawatts). As of 30 September 2014, the Company booked total assets of THB98.31 billion, total liabilities of THB36.42 billion and shareholders’ equity of THB61.89 billion. The retained earnings was also recorded at THB45.94 billion.

Media Contact:
Public Relations Department
Tel. 02 794 9941-4
Email: wiwanp@ratch.co.th / phetladac@ratch.co.th

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