BCPG Records Net Profit of THB330 Million in 2Q22; 1H22 Profit Surges 56%

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

Quarter 2Q22 2Q21
Net Profit (Loss)
Million Baht
330 565
Earning Per Share
0.11 0.21
% Change -41.6
6 Months 2022 2021
Net Profit (Loss)
Million Baht
1,693 1,088
Earning Per Share (Baht) 0.59 0.41
% Change 55.6

In 2Q22, BCPG recorded net profit of THB 330.2 million, fell by 41.6YoY and 75.8% QoQ. This was resulted of the total one-time loss of THB 218.8 million, compared to 2Q21 that recorded the total one-time gain of THB 61.1 million.

Total revenue for the quarter was at THB 1,436.5 million, increased by 32.0% YoY and 24.0 QoQ. These were resulted from higher revenue from an increase in electricity generation of solar power projects in Japan and solar
power plant projects in Thailand. Plus higher revenue from hydropower projects in Lao PDR as a result of the appreciation of USD currency against THB currency.

For 1H22, BCPG recorded net profit of THB 1,693.3 million, up by 55.6% YoY, where the total one-time gain of THB 627.6 million was included. When compared to 1H21, there was FX gain of THB 95.6 million. As a result, net profit growth was lower than recurring net profit growth.

At the end of 2Q22, total contracted capacity was 390.5 MW, decreased by 17.8% YoY, mainly from the disposal
of 33.3% Star Energy Group Holdings Pte Ltd. shares to Springhead Holdings Pte Ltd. in March 2022.

While compared to 1Q22, total contracted capacity increased by 5.7% QoQ from the commercial operation of
Yabuki project, a solar power plant in Japan with the contracted capacity of 20.0 MW, in April 2022 and the
commercial operation of new solar rooftop.