BCPG announces operating results for 2020 EBITDA of 3,849 million baht, setting a record high 30.2% growth from the previous year as a result of new investment projects – Growth of existing investment projects With approval of a dividend of 0.17 baht / share after the normal profit in the fourth quarter grew 24.5%.
On February 18, 2021, Mr. Bundit Saphianchai, President of BCPG Public Company Limited revealed that the overall operating results for the year 2020 EBITDA grew by 30.2% from the year 2019 to 3,849 million baht. Record high While total yearly income was 4,231 million baht, an increase of 23.5 percent, net profit from normal operations was 1,959 million baht, an increase of 13.5 percent.
While in the quarter 4/2020, total income was 1,137 million baht, an increase of 15.9 percent from the same period of the previous year. And net profit from normal operations was 536 million baht, an increase of 24.5 percent from the same period of last year.
The factors that support the operating results in 2020 have a better direction as the Company recognizes the full-year performance of Hydroelectric power project in Lao PDR “Nam San 3A” that the Group of Companies Acquired since September 2019 and the wind power plant project “Lom Ligor” that started commercial operation in April 2019.
In addition, revenue is gradually recognized from two new projects, the second hydroelectric power plant “Nam San 3B” in the Lao PDR with a capacity of 45 megawatts, which was acquired in February 2020 and a power plant project. 4 solar power projects in Thailand Capacity of 20 megawatts acquired in August of the same year
At the same time, it also received a profit share from the geothermal power plant project. Due to reduced planned turnarounds And profit sharing from wind power plant projects in the Philippines That has been increased the cost of electricity per unit. In addition, selling and administrative expenses decreased significantly due to the decrease in business travel. Under the epidemic situation of New coronavirus disease 2019 (COVID-19) with reduced acquisition advisory costs.
At the end of 2020, total assets were 51,220 million baht, an increase of 37.9 percent from 2019, while total liabilities were 28,671 million baht, an increase of 32.8 percent by an increase in assets. And such liabilities This was mainly due to the acquisition of the “Nam San 3B” hydroelectric power project in Lao PDR and 4 solar power plant projects in Thailand.
“2020 was the year that the company had record-breaking EBITDA. Which is the result of investment in new projects And the growth of existing investment projects that the Company Has operated continuously over the years And from the success of the Company’s capital increase in the past fourth quarter, the company has a stronger financial structure. The shareholders’ equity grew to 22,480 million baht, a 45% growth.
The debt to equity ratio (Debt to Equity Ratio) is at 1.27 times, ready to support 5-year investment plans, approximately 40,000 million baht that can make the company The company’s EBITDA target will continue to grow at an average of 15% per year over the next five years, ”said Bundit.
The Board of Directors’ meeting held on February 17, 2021 passed a resolution approving to propose to the 2021 Annual General Meeting of Shareholders to consider and approve the dividend payment from the net profit. For operating results for the period July 1 – December 31, 2020 or the second half of the year 2020 to shareholders At the rate of 0.17 baht per share and when combined with the interim dividends for the period of January 1 – June 30, 2020 paid At the rate of 0.16 baht per share, it will be included as dividend paid in year 2020, totaling at 0.33 baht per share, totaling 768.82 million baht.
The record date of the shareholders who are entitled to receive dividends is determined on March 4, 2021 and the dividend payment is scheduled on April 21, 2021 and the SET. The XD (Exclude Dividend) sign will be posted on March 3, 2021. The Company will pay dividends upon the approval of the 2021 Annual General Meeting of Shareholders.
Scheduled for the 2021 Annual General Meeting of Shareholders on April 7, 2021 at 1:30 p.m. at M Tower Building, Sukhumvit Road.
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