Ubon Bio Reaches Profit in 3Q21, Earning THB97 Million on Strong Ethanol Sales Volume

Ubon Bio Ethanol Public Company Limited (UBE) announced its 3Q21 consolidated financial statement through the Stock Exchange of Thailand as follows;

In 3Q21, UBE’s total profit amounted to THB97.4 million, making the year-over-year growth of THB 101.1 million from a net loss of THB3.75 million in 3Q20, and the total revenue of THB2,087.3 million, making the year-over-year growth of THB980.7 million or 88.6% from the increase in ethanol sales volume, especially industrial-grade ethanol which driven by high public demand due to an increase in COVID-19 cases.

For the first nine months’ operating results of the year 2021, UBE had total revenues of THB5,033.4 million, increased  THB1,822.6 million or 43.2% with the net profit of THB204.0 million, increased THB136.0 million or 200.1% compared to the first nine months of the previous year.