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Major players post bumper Q1 profits
Bangkok Post
|May 16, 2025
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).
Cette histoire est tirée de l'édition May 16, 2025 de Bangkok Post.
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