EGCO’s 2020 Profit Drops 33% after Recording Lower Income from Power Generation Business
EGCO’s 2020 Profit Drops 33% after Recording Lower Income from Power Generation Business.
EGCO’s 2020 Profit Drops 33% after Recording Lower Income from Power Generation Business.
23 ก.พ. 2564

Electricity Generating Public Company Limited (EGCO) has reported its consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;

In 2020, EGCO recorded a net profit of 8,733 million baht, decreased 33.13% from a net profit of 13,059 million baht in 2019. The decrease in net profit in 2020 was mainly due to a decrease in power generation business of 1,679 million baht. Meanwhile, the company recorded higher loss from impairment at 2,400 million baht, compared to a loss of 611 million baht in 2019.
 
As of December 31, 2020, EGCO’s portfolio consisted of 28 operating power plants, with a total contracted capacity of 5,423 megawatts equity and 2 power plant construction projects, with a total contracted capacity of 321 megawatts equity.