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Major players post bumper Q1 profits
May 16, 2025
|Bangkok Post
Major energy firms managed to reap profits in this year's first quarter, despite a global economic slowdown and geo-political conflicts.
Despite different approaches to earning revenue, energy conglomerate Bangchak Corporation Plc (BCP) and Electricity Generating Plc (Egco), a subsidiary of state-owned Electricity Generating Authority of Thailand, announced their first quarter results, with BCP posting a net profit of 2.11 billion baht and Egco seeing its net profit soar to over 3.5 billion baht.
BCP's acquisition of Esso Thailand played a key role in driving up its revenue, while Egco's divestments of a gas-fired power plant in the US and a wind farm in Australia were behind its jump in profits.
BCP took over Esso Thailand in 2023, which was later renamed Bangchak Sriracha (BSRC).
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