BGRIM posts B475m Q2 profit

B.Grimm Power Plc (BGRIM) has reported a normalised net profit attributable to the parent company of 475 million baht in the second quarter of this year, as well as 1.22 billion baht for the first six months.

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Earnings before interest, taxes, depreciation and amortisation tallied 3.73 billion baht, down 4.7% year-on-year for the quarter and 1.2% for the six-month period, said Harald Link, group president of BGRIM.

Consolidated net profit attributable to the parent company was 7 million baht, down from 229 million year-on-year, affected by a onetime retroactive payment of gas costs for September to December 2023, higher tax expenses and unrealised foreign exchange losses from the revaluation of outstanding US dollar and other foreign currency debt at the quarter-end exchange rate (non-cash impact).