Ratchaburi Holding Announces the Q2/2007 Unreviewed Operating Performance of 2,140 Million Baht
Ratchaburi Electricity Generating Holding PCL. [SET symbol: RATCH] today announces its unreviewed consolidated operating performance of the Company and subsidiaries for the second quarter of 2007 ended June 30, 2007. The Company recorded net profit of 2,140 million baht or earning per share at 1.48 baht, rising by 681 million baht or 47% of the net profit of 1,459 million baht from the same period in 2006.
Mr.
Narong Sitasuwan, Managing Director of Ratchaburi Electricity Generating Holding PCL. revealed that in this quarter, the Company has recorded 47% increment in its operating result which mainly derived from the Availability Payment of 3,037 million baht, or 235 million baht higher from the same quarter of 2006. This was due to a higher of Available Payment (AP) average rate as specified in the Power Purchase Agreement (PPA) for the year 2007 compared with the year 2006. In addition, the Company has recently received an insurance claimable of 496 million baht from fire cause at the Flue Gas Desulfurisation unit at Ratchaburi’s Thermal Power Plant Unit 1 on October 13, 2005 from the insurance company.