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Powering a Sustainable, Reliable and Affordable Energy Future for Thailand
Published on 01/12/2022
» by Amol Mody, President, Services, GE Gas Power Asia
Banpu reports strong 3Q performance results with proven path to demonstrate substantial growth in greener energy portfolios
Published on 12/11/2021
» Banpu Public Company Limited, a leading international versatile energy provider, announced satisfactory business performance results in the third quarter of 2021 with a strong cash flow. The revenue from sales totalled USD 1,161 million (approximately THB 38,218 million), an increase of 147% from the same period last year. Earnings before tax, interest, depreciation, and amortisation (EBITDA) totalled USD 530 million (approximately THB 17,432 million), an increase of 72% from the same period last year. The Company recorded a net profit of USD 106 million (approximately THB 3,489 million), an increase of 763% compared to the same period last year. The growth momentum was driven by the increase in coal and natural gas prices due to economic recovery in many countries in the wake of the COVID-19 pandemic, leading to increasing energy demand in the manufacturing sector and household consumption. The Company is also determined to enhance the Banpu Ecosystem on an integrated steady path to deliver Smarter Energy for Sustainability to all stakeholders.