BGRIM Turns to Book THB680 Million of Net Profit in 2Q23, Offering THB0.18 Dividend Payout

B.Grimm Power Public Company Limited (SET: BGRIM) has announced its 2Q23 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2Q23 2Q22
Net Profit (Loss)
Million Baht
678.37 -193.17
Earning Per Share
0.1800 -0.1100
6 Months 2023 2022
Net Profit (Loss)
Million Baht
1,077.30 -169.87
Earning Per Share (Baht) 0.2900 -0.1400

BGRIM reported a net THB 678 million in 2Q23, an outstanding performance from a net loss of THB 193 million recorded a year earlier.

EBITDA recovered 47.6% y-on-y in 2Q23 to THB 3,714 million and 49.0% y-on-y in 6M23 to THB 6,987 million, from 1) margin recovery from Ft adjustment to 154.92 satang/kWh in January-April 2023 and 91.19 satang/kWh in May-August 2023 from 39.86 satang/kWh average previous year and 2) the successful y-on-y reduction of gas consumption per unit by 3.8% in 2Q23 and 4.2% in 6M23 from the SPP replacement scheme and continued improvement in plant efficiency.

The Board of Directors’ Meeting approved the interim dividend payment of THB 0.18 per share for 6M23 performance. The ex-dividend (XD) date is 28 August 2023, and the scheduled payment date is 8 September 2023.