WHAUP Records Net Income of THB735 Million in 2021, Offering THB0.16 Dividend

WHA Utilities and Power Public Company Limited (SET: WHAUP) announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;

Yearly 2021 2020
Net Profit (Loss)
Million Baht
735.513 812,727
Earning Per Share (Baht) 0.19 0.21
% Change -9.5


WHAUP reported a net profit of THB735.5 million in 2021, decreasing by 9.5% from THB812.7 million in 2020. The decrease was mainly from 1) share of profit and dividend income from investments decreased by THB548.9 million which was mainly due to unrealized loss on foreign exchange rate from USD loans of associate and joint ventures, up  by THB473.0 million from the same period last year, and decreased normalized share of profit and dividend income from investments which excluded the impact of foreign exchange, down by THB75.9 million YoY. The decrease was mainly explained by increasing share of loss from SDWTP and GHECO-One’s planned and unplanned maintenance. 2) Loss from revalue investment amounted to THB20.7 million, due to a decrease in fair value of GIPP in 2021.

Total revenue was THB2,180.8 million, increasing by 28.4% from THB1,698.0 million in 2020 due to strong growth in operating revenue of utilities business and power businesses (+17.5% YoY and +335.5% YoY, respectively).

Meanwhile, total revenue and share of profit of the utilities business was THB1,722.1 million, a 16.4% increase from 2020. Total revenue from the utilities business was THB1,926.2 million, up 17.5% due to growing sales and management volume for all products. Despite this, the company recorded a higher share of loss by THB 44.4 million.


In addition, the Board of Directors approved a reminder dividend payment from the second half of 2021 at the rate of THB0.16 per share. The Ex-dividend date (XD) is set for 29 April 2022. The payment of the interim dividend will be made on 19 May 2022.