RATCH 2Q22 Profits Show a Modest Gain, Rising 4% to THB2.2 Billion

Ratch Group Public Company Limited (SET: RATCH) has announced its 2Q22 consolidated financial statement through the Stock Exchange of Thailand as follows;

Quarter 2Q22 2Q21
Net Profit (Loss)
Million Baht
2,196 2,122
Earning Per Share (Baht) 1.20 1.46
% Change 3.5
6 Months 2022 2021
Net Profit (Loss)
Million Baht
3,775 4,211
Earning Per Share (Baht) 2.06 2.90
% Change -10.3

In 2Q22, RATCH posted a small increase in net profit of THB2,196 million, up from a net profit of THB2,122 million in 2Q21 as the total revenues increased since the Energy Payment of RG increased due to higher electricity generated than that of the same period of the previous year. Also, the revenues of SCG Power Plant and Asahan-1 Hydro Power Plant (Held by FRD) have been consolidated since the acquisition in the 4th quarter of 2021.
In addition, revenue from sales of RAC Power Plant increased as Collector Power Plant commenced COD in June 2021, and the electricity price increased due to the increase in demand.
In contrast, the finance cost increased since the finance costs of FRD and SCG have been consolidated. Also, income tax increased due to the tax profit of RG and RAC increased.