EA Records Higher Revenue from All Segment as Earnings Hit THB6.1 Billion, Offering THB0.30 Dividend

Energy Absolute Public Company Limited (SET: EA) has announced its 2021 consolidated financial statement through the Stock Exchange of Thailand as follows;

Yearly 2021 2020
Net Profit (Loss)
Million Baht
6,100.07 5,204.57
Earning Per Share (Baht) 1.64 1.40

EA reported a net profit of Baht 6,100 million, increased 17.21% from a net profit of Baht 5,204 million in 2020.

For the year ended 31 December 2021, the company earned a total revenue of Baht 20,558.10 million, increased by Baht 3,358.96 million or 19.53%. Separately by business segment, biodiesel business increased by Baht 1,903.54 million or 30.40%. The company earned revenue of Baht 10,933.39 million from generating and distributing electricity business, increased by Baht 331.41 million, or 3.13 %. Meanwhile, the revenue from battery and electric vehicle business was Baht 1,012.20 million mainly from the sale of 112 units of electric buses.

Cost of sales was reported at Baht 11,893.35 million, increased by Baht 2,621.93 million or 28.28%, following higher revenue during the period.

In addition, the Board of Directors approved a dividend payment of THB 0.30 per share to be paid on 20 May 2022. The ex-dividend date is 11 March 2022.