RATCH Announces a THB0.80 Interim Dividend Payout with an XD Date on 1 Sep

Ratch Group Public Company Limited (SET: RATCH)announced on Friday the payment of a THB0.80 per share interim dividend based on the operating results for the first six months of 2023.

The Ex-dividend date (XD) is set for 1 September 2023. The payment of the dividend will be made on 15 September 2023.

RATCH reported a net profit of THB 2,125 million in 2Q23, slightly decreasing by 3.24% from the same period of last year.

Revenue during the quarter was recorded at THB 13,133 million, decreased 29% from last year. Mainly due to a decrease of RG Power Plant’s revenue from sales decreased QoQ and YoY. The main reason was the lower electricity generation than that of the previous year, corresponding to lower dispatch instruction by EGAT. While there was the planned shutdown (Minor Inspection) of the combined cycle power plant (unit 3) during 3-29 June, 2023.

However, other income including interest income and the compensation from LG2 power plant received (Liquidate Damage) from the contractor in the amount of AUD 9.8 million helped offset some of the weak performance segment.