CKP Reports Net Profit of THB864 Million in 2Q22 on Improved Sales Revenue

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

Quarter 2Q22 2Q21
Net Profit (Loss)
Million Baht
864 707
Earning Per Share
0.106 0.087
% Change 22.2
6 Months 2022 2021
Net Profit (Loss)
Million Baht
903 822
Earning Per Share (Baht) 0.111 0.101
% Change 9.9

In 2Q22, CKP reported net profit of THB864.0 million, an increase of 22.2% YoY, while net profit for 1H22 was THB902.8 million, an increase of 9.9% YoY. The YoY improvements were mainly driven by the increase in the share of profit from investment in XPCL following higher average water flow compared to the same periods last year, which was partially offset by BIC’s higher fuel costs compared to the same periods last year.

Total revenues in 2Q22 and 1H22 increased by 15.9% and 18.3% YoY, primarily driven by increases in BIC’s revenues from Sales of Electricity and Steam in 2Q22 and 1H22 by 48.4% and 49.0% YoY, respectively, driven by higher natural gas price compared to the same periods last year following the global market price situation.

In 2Q22 and 1H22, revenue from Sales of Electricity and Steam increased by 16.5% and 19.2% YoY, respectively.