CK Power (CKP) posted a 26-per-cent jump year on year in its nine-month consolidated net profit to Bt556 million on the back of lower selling costs of electricity and steam.
Thanawat Trivisvavet, managing director of CKP, said the company’s nine-month performance remained very satisfactory, particularly returns on investment in its subsidiaries.
CKP, a holding company investing in solar, co-generation and hydropower plants, recorded total income of Bt4.93 billion in the first nine months of 2016, up 40 million or 1.0 per cent from the same period last year.
Of total income, Bt4.85 billion came from sales of electricity and steam and Bt46 million from project-management fees. Its expenses excluding interest payable and corporate income tax dropped Bt77 million to Bt3.54 billion, given lower selling costs of electricity and steam.
For the third quarter of this year, the company’s net profit soared Bt286 million or 561 per cent year on year to Bt337 million. Its total income rose Bt285 million or 19 per cent to Bt1.82 billion.
Of total income, Bt1.79 billion came from sales of electricity and steam and Bt16 million from project-management fees.