Post by account_disabled on Dec 26, 2023 3:34:10 GMT -6
ACE shows the most spectacular Q1 budget for the electricity group, defeating COVID-19, profits grow 347%, the board is generous in paying an interim dividend of 0.03 baht, predicting strong growth this year. Ready to bid on power plants The community pushes to grow in large numbers. Absolute Clean Energy Public Company Limited (ACE) announced the highest net profit growth among power plants in the first quarter of this year, increasing by 347% to 593.55 million baht, clearly proving that Covid had no impact. The generous board pays an interim dividend of 0.03 baht and is ready to aggressively expand its electricity portfolio, both through its own development and business acquisition. Ms. Jiratha Songmetta, Chairman of the Executive Committee, Absolute Clean Energy Public Company Limited or ACE, a major producer and distributor.
Electricity from renewable energy in Thailand. and being the leader in clean energy in Thailand (The Clean Energy Leader) revealed that “For the operating results for the first quarter of 2020, the company has continuously improved operating results. With a total income of 1,348 million baht, an increase of 11% compared to a total income of 1,213 million baht in the same period in 2019, with a net profit of 593.55 million baht, a jump of 347% from a net profit of 132.62 million baht in During the first quarter of 2019, ACE's net profit WhatsApp Number List margin in the first quarter of 2020 was as high as 44%, while almost all of the company's income from electricity sales Receive electricity at the rate of Feed-in Tariff (FIT), which is a highly stable income. and was not affected by the government sector's FT adjustment in any way. and is not affected from electricity demand that decreased from industrial electricity consumers Moreover, the company has significantly reduced its debt burden from.
long-term loans and debentures, totaling 3,900 million baht, at the end of the year, including the company being able to reduce long-term interest rates. with financial institutions leading low rates As a result, the company reduced interest expenses from 110 million baht in the first quarter of 2019 to only 26 million baht in the first quarter of 2020. In addition, the company's profitability and financial position have improved further. By the latest company It has a high net profit margin of 44%, while the debt burden ratio Interest per capital (IBD/E) is very low, only 0.23 times, so the company is most ready to expand investment in new projects. to create continuous growth.” Mr. Thanachai Bunditvoraphum, Chief Executive Officer of Absolute Clean Energy Public Company Limited or ACE, added that “The Board of Directors It was resolved to pay an interim dividend at the rate of 0.03 baht per share to all shareholders. The date for determining the names of shareholders who are entitled to receive dividends.
Electricity from renewable energy in Thailand. and being the leader in clean energy in Thailand (The Clean Energy Leader) revealed that “For the operating results for the first quarter of 2020, the company has continuously improved operating results. With a total income of 1,348 million baht, an increase of 11% compared to a total income of 1,213 million baht in the same period in 2019, with a net profit of 593.55 million baht, a jump of 347% from a net profit of 132.62 million baht in During the first quarter of 2019, ACE's net profit WhatsApp Number List margin in the first quarter of 2020 was as high as 44%, while almost all of the company's income from electricity sales Receive electricity at the rate of Feed-in Tariff (FIT), which is a highly stable income. and was not affected by the government sector's FT adjustment in any way. and is not affected from electricity demand that decreased from industrial electricity consumers Moreover, the company has significantly reduced its debt burden from.
long-term loans and debentures, totaling 3,900 million baht, at the end of the year, including the company being able to reduce long-term interest rates. with financial institutions leading low rates As a result, the company reduced interest expenses from 110 million baht in the first quarter of 2019 to only 26 million baht in the first quarter of 2020. In addition, the company's profitability and financial position have improved further. By the latest company It has a high net profit margin of 44%, while the debt burden ratio Interest per capital (IBD/E) is very low, only 0.23 times, so the company is most ready to expand investment in new projects. to create continuous growth.” Mr. Thanachai Bunditvoraphum, Chief Executive Officer of Absolute Clean Energy Public Company Limited or ACE, added that “The Board of Directors It was resolved to pay an interim dividend at the rate of 0.03 baht per share to all shareholders. The date for determining the names of shareholders who are entitled to receive dividends.