Post by account_disabled on Dec 26, 2023 9:34:39 GMT
Absolute Clean Energy Public Company Limited (ACE) announced the highest net profit growth among power plants in the first quarter of this year, increasing by 347% to 593.55 million baht, clearly proving that Covid had no impact. The generous board pays an interim dividend of 0.03 baht and is ready to aggressively expand its electricity portfolio, both through its own development and business acquisition. Ms. Jiratha Songmetta, Chairman of the Executive Committee, Absolute Clean Energy Public Company Limited or ACE, a major producer and distributor of electricity from renewable energy in Thailand. and being the leader in clean energy in Thailand (The Clean Energy Leader) revealed that “For the operating results for the first quarter of 2020, the company has continuously improved operating results. With a total income of 1,348 million baht, an increase of 11% compared to a total income of 1,213 million baht in the same period in 2019, with a net profit of 593.55 million baht, a jump of 347% from a net profit of 132.62 million baht in During the first quarter of 2019, ACE's net.
profit margin in the first quarter of 2020 was as high as 44%, while almost all of the company's income from electricity sales Receive electricity at the rate of Feed-in Tariff (FIT), which is a highly stable income. and was not affected by the government sector's FT adjustment in any way. and is not affected from electricity demand that decreased from industrial electricity consumers Moreover, the company has significantly reduced WhatsApp Number List its debt burden from long-term loans and debentures, totaling 3,900 million baht, at the end of the year, including the company being able to reduce long-term interest rates. with financial institutions leading low rates As a result, the company reduced interest expenses from 110 million baht in the first quarter of 2019 to only 26 million baht in the first quarter of 2020. In addition, the company's profitability and financial position have improved further. By the latest company It has a high net profit margin of 44%, while the debt burden ratio Interest per capital (IBD/E) is very low, only 0.23 times, so the company is most ready to expand investment in new projects. To create continuous growth.
Thanachai Banditvoraphum, Chief Executive Officer of Absolute Clean Energy Public Company Limited or ACE, added that “The Board of Directors It was resolved to pay an interim dividend at the rate of 0.03 baht per share to all shareholders. The date for determining the names of shareholders who are entitled to receive dividends (Record Date) is June 2, 2020 and dividends will be paid on June 15, 2020. In addition, the company has plans to expand its business. continuously By preparing to bid on power plant projects Renewable energy according to important government policies, 2 big projects are the 700 megawatt community power plant project, especially the Quick - Win project, which is the first phase. of projects that are expected to occur first and can recognize revenue quickly and the 400 megawatt community waste power plant project, totaling 1,100 megawatts, with the company being ready in every aspect. Both experience in development and manage power plants of more than 212 megawatts, expertise in research and development (R&D) of electricity production technology with agricultural materials Energy crops and organic waste / municipal waste. Financial readiness. Executives - experienced engineers. and expertise, therefore ensuring that the company.
profit margin in the first quarter of 2020 was as high as 44%, while almost all of the company's income from electricity sales Receive electricity at the rate of Feed-in Tariff (FIT), which is a highly stable income. and was not affected by the government sector's FT adjustment in any way. and is not affected from electricity demand that decreased from industrial electricity consumers Moreover, the company has significantly reduced WhatsApp Number List its debt burden from long-term loans and debentures, totaling 3,900 million baht, at the end of the year, including the company being able to reduce long-term interest rates. with financial institutions leading low rates As a result, the company reduced interest expenses from 110 million baht in the first quarter of 2019 to only 26 million baht in the first quarter of 2020. In addition, the company's profitability and financial position have improved further. By the latest company It has a high net profit margin of 44%, while the debt burden ratio Interest per capital (IBD/E) is very low, only 0.23 times, so the company is most ready to expand investment in new projects. To create continuous growth.
Thanachai Banditvoraphum, Chief Executive Officer of Absolute Clean Energy Public Company Limited or ACE, added that “The Board of Directors It was resolved to pay an interim dividend at the rate of 0.03 baht per share to all shareholders. The date for determining the names of shareholders who are entitled to receive dividends (Record Date) is June 2, 2020 and dividends will be paid on June 15, 2020. In addition, the company has plans to expand its business. continuously By preparing to bid on power plant projects Renewable energy according to important government policies, 2 big projects are the 700 megawatt community power plant project, especially the Quick - Win project, which is the first phase. of projects that are expected to occur first and can recognize revenue quickly and the 400 megawatt community waste power plant project, totaling 1,100 megawatts, with the company being ready in every aspect. Both experience in development and manage power plants of more than 212 megawatts, expertise in research and development (R&D) of electricity production technology with agricultural materials Energy crops and organic waste / municipal waste. Financial readiness. Executives - experienced engineers. and expertise, therefore ensuring that the company.