BANPU announced a 12% better than expected 2Q09 earnings of Bt3,982mn (EPS Bt14.65), up 73% yoy (down 17% qoq). This was largely due to higher than expected earnings from the Chinese coal business (AACI) with Bt1,762mn, up 130% yoy, as Chinese coal demand remained strong. A resilient 2Q09 earnings were due to higher average sales prices by 10% yoy to $73.89/tonne (down from $84.2/tonne in 1Q09), strong earnings from BLCP (BANPU 50% owned) of Bt1,249mn, up by 122% yoy on an exchange gain of Bt268mn (up from an exchange loss of -Bt428mn in 1Q08), gains from coal and diesel swaps of Bt221mn and a 1.6% yoy (or 11% qoq) jump in sales volume to 4.51mn tonnes from the Indominco, Trubaindo and Jorong mines.
Leave a reply
Thai Consumer Confidence Drops to 11-Month Low Amid Political Uncertainty
The University of the Thai Chamber of Commerce's (UTCC) consumer confidence index fell for the fifth consecutive month in July...
Thailand Political Uncertainty Heightened by Court Cases, Stock Market Jittery
Thailand's political landscape is in turmoil as three significant court cases unfold, sending shockwaves through the stock market and amplifying...
Boosting Thailand’s Digital Trade Readiness: Insights from the Global Trade Modernization Index 2024
Thailand Digital Trade Ranks 32nd Globally, 3rd in ASEAN Thailand secured the 32nd position out of 65 countries in the...
