Energy Absolute Public Company Limited (SET: EA) announced its 2022 consolidated financial statement through the Stock Exchange of Thailand as follows;
|Net Profit (Loss)
|Earning Per Share
EA reported a net profit of Baht 7,604 million in 2022, increased by Baht 1,504.22 million or 24.66% compared to the same period last year which incurred the consolidated net profit of Baht 6,100.07 million. These were mainly from the better operating results of electric vehicle business and mass transport, which significantly increased in revenue about 10 times, including the power business.
For the year ended 31 December 2022, the company reported the total revenue of Baht 27,546.81 million, increase of Baht 6,988.71 million or 33.99% compared to the same period last year which incurred the total revenue of Baht 20,558.10 million.
The revenue from manufacturing and distributing electric vehicle and mass transport was Baht 8,626.71 million, an increase by Baht 6,844.16 million. This was due to sales of electric vehicles by a total amount of 1,160 units during the third and fourth quarter of the year 2022. In addition, the company had gain on the Entire Business Transfer (EBT) of the Electric boat business, of which the main assets are 26 units. The Bus transportation business in regards to Smart Bus Co., Ltd (SMB) which has driving licenses for 37 routes, can add 1,250 new electric buses to the Thai Smile Bus Co., Ltd. (TSB) fleet.
Meanwhile, the revenue from manufacturing and distributing lithium-ion battery was Baht 2,748.97 million, an increase by Baht 2,180.22 million. The company has been manufacturing and distributing the lithium-ion battery for EV assembly during the third and fourth quarter ended of the year 2022. The company expects that in 2023, the company will be able to increase the production capacity to support electric vehicle expansion.
In addition, the Board of Directors approved a THB0.30 dividend payout to be paid on 19 May 2023. The ex-dividend date is on 10 March 2023.