2023-08-11 16:10:00
Energy Absolute Public Company Limited or EA reported through the Stock Exchange of Thailand (SET) that it had a net profit for the second quarter of 2023 in the amount of 2,160.26 million baht, an increase of 1,064.83 million baht or an increase of 97.21% compared to the same period. of the previous year with a net profit of 1,095.43 million baht
for the six-month period Ended June 30, 2023 in the amount of 4,480.02 million baht, an increase of 2,018.28 million baht or an increase of 81.99% compared to the same period last year. with a total net profit of 2,461.74 million baht, mainly due to the higher performance of electric buses and commercial vehicles and renewable energy power plants.
The Company and its subsidiaries had total income for the second quarter ended June 30, 2023 in the amount of 7,956.26 million baht, an increase of 2,502.19 million baht or an increase of 45.88% compared to the same period last year with total revenue of 5,454.07. million and for the six-month period As of June 30, 2023, the Company and its subsidiaries had an income of 16,860.42 million baht, an increase of 6,589.79 million baht or an increase of 64.16% compared to the same period last year with a total income of 10,270.63 million baht.
If considering only the income from operations, the company has income from normal business operations of the company. For the second quarter ended June 30, 2023, the amount was 7,880.59 million baht, an increase from 2022 in the amount of 2,484.61 million baht or an increase of 46.05% and for the six-month period. ending June 30, 2023 in the amount of 16,775.27 million baht, an increase from the year 2022 in the amount of 6,638.87 million baht or an increase of 65.50%, with the increasing revenue mainly from electric bus and commercial vehicle businesses, lithium-ion battery business including renewable energy power plant business
1. Biodiesel business group income: For the second quarter ended June 30, 2023, there was a decrease in income of 1,088.55 million baht or a decrease of 47.97% and for the six-month period. ended June 30, 2023, with a decrease in revenue of 1,690.17 million baht or a decrease of 39.34% compared to the same period last year. can be summarized as follows
1.1 Biodiesel production and distribution segment Revenue for the second quarter ended June 30, 2023, a decrease of 435.79 million baht or a decrease of 39.70% and for the six-month period Ended June 30, 2023, a decrease of 1,180.90 million baht or a decrease of 44.97%, mainly due to the price of crude palm oil (CPO) of the year 2023 in the global and domestic markets decreased by as much as 40% compared to 2022. However, the Energy Policy Administration Committee (CPA) has announced that the biodiesel mix ratio in high speed diesel will be B7 until September 30, 2023, thus making the demand for biodiesel (B100) still close to the year 2022.
1.2 Production and distribution of pure glycerin Revenue for the second quarter ended June 30, 2023 decreased by 47.54 million baht or decreased by 59.00% and for the six-month period. Ended June 30, 2023, a decrease of 160.48 million baht or a decrease of 67.42%, mainly due to the decrease in global and domestic glycerin prices. This is in line with the decline in biodiesel prices. Because pure glycerin is a by-product of biodiesel production.
1.3 Production and distribution of crude palm oil Revenue for the second quarter ended June 30, 2023, a decrease of 636.03 million baht or a decrease of 68.76% and for the six-month period Ended June 30, 2023, a decrease of 370.52 million baht or a decrease of 31.71% due to a decrease in sales volume in the second quarter of 2023 due to a decrease in domestic demand for both the food industry and the biodiesel group. (according to the Department of Internal Trade)
As for the factor of crude palm oil prices in the second quarter of 2023 and the six-month period of 2023, the price of Malaysia’s SPOT is lower than the ex-refinery price in the south of Thailand. causing the refinery to be unable to export crude palm oil As a result, exporters came back to compete for sales to domestic refineries. As a result of the above reasons, the domestic crude palm oil (CPO) selling price decreased.
1.4 PCM production and distribution segment, revenue for the second quarter ended June 30, 2023 decreased by 38.85 million baht or decreased by 77.07% and for the six-month period Ended June 30, 2023, a decrease of 36.97 million baht or a decrease of 60.28% due to the main factor in sales volume decreasing in the second quarter and the six-month period of the year 2023 from major customers in Japan and Korea with demand Decreased due to economic slowdown However, the company still maintains the selling price level close to the previous year.
1.5 Production and distribution of Green Diesel The company has operated and sold. Green Diesel (GD) or Bio Hydrogenated Diesel (BHD) with revenue for the quarter 2 Ended June 30, 2023 in the amount of 134.70 million baht, which was benefited from the demand of European countries. (However, the company started selling Green Diesel for the first time in the 4th quarter of 2022)
1.6 Revenue by-products for the quarter 2 Ended June 30, 2023, a decrease of 65.04 million baht or a decrease of 56.33% and for the six-month period Ended June 30, 2023, a decrease of 76.00 million baht or a decrease of 37.44% due to the main factor in the selling price of palm kernels that decreased. This was in line with the decrease in crude palm oil (CPO) selling prices (palm kernels are by-products from the production of crude palm oil).
2. Revenue from renewable energy business group: for the quarter 2 Ended June 30, 2023 with revenues of 3,175.32 million baht, an increase in 314.72 million baht Or an increase of 11.00% compared to the same period last year with revenues of 2,860.60 million baht and for the six-month period Ended June 30, 2023 with an income of 6,678.06 million baht, an increase of 1,195.46 million baht or an increase of 21.80% compared to the same period last year with an income of 5,482.60 million baht.
3. Revenue from electric buses and commercial vehicles: for the quarter 2 Ended June 30, 2023 with income of 3,499.68 million baht increase in number 3,466.53 million baht Compared to the same period last year with revenues of 33.15 million baht and for the six-month period. ending June 30, 2023 with revenue of 7,500.30 million baht, an increase of 7,327.64 million baht compared to the same period last year with revenue of 172.66 million baht (the company started selling electric vehicles in the quarter 3rd and 4th quarter of 2022) and for the six-month period of 2023, the company has sold electric buses and commercial vehicles. Total of 1,445 cars
4. Revenue from lithium-ion battery business: for the quarter 2 Ended June 30, 2023 with income of 1,598.22 million baht increase in number 1,383.40 million baht Compared to the same period last year with revenues of 214.82 million baht and for the six-month period. Ended June 30, 2023 with an income of 2,964.63 million baht, an increase of 2,664.82 million baht compared to the same period last year with an income of 299.81 million baht.
due to increasing sales of lithium-ion batteries (Amita Technology (Thailand) Co., Ltd. has started commercial operations to produce lithium-ion batteries for electric buses and commercial vehicles in the second quarter of 2022). able to produce at full capacity This is to support the expansion of the group of electric buses and commercial vehicles of the Group.
5. Revenue from other business groups: for the quarter 2 Ended June 30, 2023 with income of 186.42 million baht increase in number 103.16 million baht Compared to the same period last year with revenues of 83.26 million baht and for the six-month period. ended June 30, 2023 with revenue of 294.59 million baht, an increase of 167.21 million baht compared to the same period last year with an income of 127.38 million baht, mainly from the increased revenue of the electric charging station business. for electric vehicles
6. Other income : for the quarter 2 Ended June 30, 2023, with an income of 75.67 million baht, an increase of 17.58 million baht compared to the same period last year with an income of 58.09 million baht and for the six-month period. Ended June 30, 2023 with an income of 85.15 million baht, a decrease of 49.08 million baht compared to the same period last year with an income of 134.23 million baht.
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