Post by account_disabled on Dec 26, 2023 0:25:40 GMT -5
GPSC has strong operating results Profits continued to grow, with the third quarter making a profit of 2,574 million baht, an increase of 678 million baht or 36% from the previous quarter, supporting the 9-month performance of 2020, net profit increased 107% from the same period last year. Recognize the benefits of Synergy from GPSC-GLOW business for a full 3 quarters, moving forward with investment in New S-Curve, the electricity business of the future. Mr. Chawalit Tippawanich, Chief Executive Officer and President of Global Power Synergy Public Company Limited or GPSC, the innovation leader in the electricity business of PTT Group, revealed that the company's results for the third quarter of 2020 Had income of 16,601 million baht and net profit of 2,574 million baht, an increase of 36% compared to the second quarter of 2020 and compared to the same period of 2019, the company's net profit increased by 1,681 million baht or 188%. As a result of operations for 9 months of 2020, the company had income of 53,047 million baht, an increase of 10%. During the third quarter of this year, although revenue from sales of electricity and steam decreased due to the price of natural gas and the GHECO-One power plant.
Maintenance stopped for 8.5 days and the Glow Energy Power Plant, Phase 5, stopped for repairs. However, with power plant management and natural gas costs decreasing, along with the Company's recognition of profit sharing from the Xayaburi Hydroelectric Power Plant more Because it is the rainy season. Including dividends received from the company Ratchaburi Power Company Limited has made the company have better operating results. In addition, this is the main factor that supports the company's operating results for the 9-month Telegram Number Data period of 2020 to grow strongly. In addition to what has been mentioned above. There is also an effect from revenue recognition. and profits of Glow Energy Company Limited (GLOW) for all 9 months, while during 2019, revenue from GLOW was recognized for only 18 days during the 1st quarter and was recognized for a full quarter during the 2nd and 3rd quarters. "Operational results for both the 3rd quarter and the 9-month period of this year This reflects the strength of GPSC, partly due to the Synergy between GPSC and GLOW, which in addition to creating mutual benefits. It also strengthens the business. In addition, the company has developed a business that can respond well to the needs of customer groups. including demand for electricity, steam, and public utilities Therefore, we support the continuous growth of operating results even in times of crisis,” Mr. Chawalit said. The company continues to expand investment in innovation.
To generate income from the business in a new form that is the New S-Curve for future growth. The plan to expand investment in the said new business includes (1) Battery Business, investing in a semi solid battery prototype factory with first phase production capacity of 30 megawatt-hours. It is expected to receive the First battery cell within December 2020. At this time, the company There has been coordination with many sectors in marketing both Mobility and Stationary to support the demand for use of electric vehicles (EV Bus) and electric charging stations. and other applications, etc. before considering expanding investment in the next phase (2) Energy Storage & System Integration, developing the business of being a provider of smart energy storage systems (Smart Energy Storage System: ESS), which Used to control the storage and use of energy efficiently. Currently, the company has implemented various projects, such as collaborating with PTT Global Chemical Public Company Limited or GC to bring in a 1.5 megawatt-hour ESS system. Increase the stability and efficiency of the electrical system that supplies office buildings and the GC Innovation and Technology Center in Rayong Province. Smart city pilot project or "smart city" for the Vidyasirimedhi Institute of Technology (VISTEC) to develop new innovations or innovation platforms to support. Target industries, New S-Curve, etc. and (3) Smart Energy Management, studying, analyzing, and selecting technology in energy management that is appropriate for the New Energy market to create new business opportunities in the future.
Maintenance stopped for 8.5 days and the Glow Energy Power Plant, Phase 5, stopped for repairs. However, with power plant management and natural gas costs decreasing, along with the Company's recognition of profit sharing from the Xayaburi Hydroelectric Power Plant more Because it is the rainy season. Including dividends received from the company Ratchaburi Power Company Limited has made the company have better operating results. In addition, this is the main factor that supports the company's operating results for the 9-month Telegram Number Data period of 2020 to grow strongly. In addition to what has been mentioned above. There is also an effect from revenue recognition. and profits of Glow Energy Company Limited (GLOW) for all 9 months, while during 2019, revenue from GLOW was recognized for only 18 days during the 1st quarter and was recognized for a full quarter during the 2nd and 3rd quarters. "Operational results for both the 3rd quarter and the 9-month period of this year This reflects the strength of GPSC, partly due to the Synergy between GPSC and GLOW, which in addition to creating mutual benefits. It also strengthens the business. In addition, the company has developed a business that can respond well to the needs of customer groups. including demand for electricity, steam, and public utilities Therefore, we support the continuous growth of operating results even in times of crisis,” Mr. Chawalit said. The company continues to expand investment in innovation.
To generate income from the business in a new form that is the New S-Curve for future growth. The plan to expand investment in the said new business includes (1) Battery Business, investing in a semi solid battery prototype factory with first phase production capacity of 30 megawatt-hours. It is expected to receive the First battery cell within December 2020. At this time, the company There has been coordination with many sectors in marketing both Mobility and Stationary to support the demand for use of electric vehicles (EV Bus) and electric charging stations. and other applications, etc. before considering expanding investment in the next phase (2) Energy Storage & System Integration, developing the business of being a provider of smart energy storage systems (Smart Energy Storage System: ESS), which Used to control the storage and use of energy efficiently. Currently, the company has implemented various projects, such as collaborating with PTT Global Chemical Public Company Limited or GC to bring in a 1.5 megawatt-hour ESS system. Increase the stability and efficiency of the electrical system that supplies office buildings and the GC Innovation and Technology Center in Rayong Province. Smart city pilot project or "smart city" for the Vidyasirimedhi Institute of Technology (VISTEC) to develop new innovations or innovation platforms to support. Target industries, New S-Curve, etc. and (3) Smart Energy Management, studying, analyzing, and selecting technology in energy management that is appropriate for the New Energy market to create new business opportunities in the future.