CK Power Books Higher Profit Sharing from Xayaburi Power, Boosting NP by 12% to THB2.4 Billion

CK Power Public Company Limited (SET: CKP) has announced its 2022 consolidated financial statement through the Stock Exchange of Thailand as follows;

Year 2022 2021
Net Profit (Loss)
Million Baht
2,436.18 2,179.01
Earning Per Share
0.3000 0.2700
% Change 11.80

CKP reported a net profit of 2,439 million baht in 2022, increased 11.80% from a net profit of 2,179 million baht in 2021. The increase was  primarily driven by an increase in share of profit from investment in Xayaburi Power Company Limited (XPCL), mainly due to higher average water flow YoY, partially offset by BIC’s higher fuel costs compared to the previous year following the global market price situation.

Total revenues in 2022 increased by 22.3% YoY to 11,418 million baht, primarily driven by 46.2% YoY increase in BIC’s revenues from sales of electricity and steam in 2022, due to higher natural gas price following the global market price situation and higher retail Ft rate compared to the previous year.

In 2022, the company’s Share of Profits from Investments in Joint Ventures and Associates increased by 39.3% YoY to 2,128 million baht. The improvement came mainly from the share of profit from investments in XPCL, the Company’s associate, because of the YoY higher average water flow of Xayaburi Hydroelectric Power Plant, which resulted in stronger electricity sales volume. The Share of Profits from Investments in Joint Ventures declined YoY, mainly due to the expiration of Electricity Adder Revenue of Nakhon Ratchasima Solar Company Limited (NRS) in March 2022 after 10 years of commercial operation since its COD in March 2012.


In addition, the Board of Directors approved a dividend payout of THB0.085 per share to be paid on 22 May 2023. The ex-dividend date is on 3 May 2023.