Q2 53 audit E SET เกินร้อยละ 20

Tanapornk

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(Translation) RH 341 / 2010 August 16, 2010 ndSubject : Report on operating result for the 2 quarter of 2010 ended June 30, 2010 and change in operating result of more than 20% from the year 2009 To: President The Stock Exchange of Thailand Reference : The Stock Exchange of Thailand’s regulation on preparation and submission of financial statements and transactions relating to financial status and operating results of listed company - year 2001 Attachment : Interim Financial Statements of Ratchaburi Electricity Generating Holding Public Company Limited and its subsidiaries for the three-month and six-month periods ended June 30, 2010, including 1 copy of English version Regarding to the reference, Ratchaburi Electricity Generating Holding Public Company Limited (“the Company”) is pleased to submit herewith the interim financial statements for the three- month and six-month periods ended June 30, 2010, of which the operating result has changed more than 20 percent from the corresponding period in the year 2009. The operating performance according to the interim consolidated financial statements of ndthe Company and its subsidiaries for the 2 quarter of 2010 ended June 30, 2010 showed the net profit of Baht 1,524.92 million or Baht 1.05 per share, decreasing by Baht 531.66 million or 25.85 percent ndcompared to the net profit of Baht 2,056.58 million or Baht 1.42 per share of the 2 quarter of 2009. The main reasons were as follows: 1. Revenue ...

Informations

• Publié par: Phuwyir
• Nombre de lectures: 33
• Langue: English

Extrait

(Translation)

RH 341 / 2010

August 16, 2010

Subject :

Report on operating result for the 2

nd

quarter of 2010 ended June 30, 2010 and change in

operating result of more than 20% from the year 2009

To:

President

The Stock Exchange of Thailand

Reference :

The Stock Exchange of Thailand’s regulation on preparation and submission of financial

statements and transactions relating to financial status and operating results of listed

company - year 2001

Attachment :

Interim Financial Statements of Ratchaburi Electricity Generating Holding Public

Company Limited and its subsidiaries for the three-month and six-month periods ended

June 30, 2010, including 1 copy of English version

Regarding to the reference, Ratchaburi Electricity Generating Holding Public Company

Limited (“the Company”) is pleased to submit herewith the interim financial statements for the three-

month and six-month periods ended June 30, 2010, of which the operating result has changed more than

20 percent from the corresponding period in the year 2009.

The operating performance according to the interim consolidated financial statements of

the Company and its subsidiaries for the 2

nd

quarter of 2010 ended June 30, 2010 showed the net profit of

Baht 1,524.92 million or Baht 1.05 per share, decreasing by Baht 531.66 million or 25.85 percent

compared to the net profit of Baht 2,056.58 million or Baht 1.42 per share of the 2

nd

quarter of 2009. The

main reasons were as follows:

1.

Revenue from sale

Revenue from sale for the 2

nd

quarter of 2010 was Baht 11,996.99 million comprised

of the revenue received from the Availability Payment (“AP”), Baht 3,052.59 million and the revenue

received from the Energy Payment (“EP”), Baht 8,944.40 million. The details were as follows:

1.1

Revenue received from the AP

Revenue received from the AP for the 2

nd

quarter of 2010 was Baht 3,052.59

million, decreasing by Baht 319.30 million or 9.47 percent from Baht 3,371.89 million in the same period

2

of the previous year. The main reason was the average of Base Availability Credit in the year 2010 is

lower than that of the year 2009 as specified in the Power Purchase Agreement.

1.2

Revenue received from the EP

Revenue received from the EP for the 2

nd

quarter of 2010 was Baht 8,944.40

million, increasing by Baht 3,415.21 million or 61.77 percent from Baht 5,529.19 million in the same

period of the previous year. The main reason was the Ratchaburi Power Plants were placed on reserved

shutdown and shutdown for overhaul according to maintenance plan in the 2

nd

quarter of 2010 less than

the 2

nd

quarter of 2009. Therefore, the fuel consumption was higher than the same period of previous year.

Also, the fuel costs, which are the main cost, increased from the same period of the previous year by

61.63 percent.

2.

Cost of sale (excluding fuel costs)

Cost of sale (excluding fuel costs) for the 2

nd

quarter of 2010 was Baht 1,248.58

million, decreasing by Baht 124.60 million or 9.07 percent from Baht 1,373.18 million in the 2

nd

quarter

of 2009. The main reason was the Ratchaburi Power Plants were placed on reserved shutdown and

shutdown for overhaul according to maintenance plan in the 2

nd

quarter of 2010 less than the 2

nd

quarter

of 2009. Therefore, the spare parts and the other costs decreased in the amount of Baht 90.20 million.

3.

Share of profit of jointly-controlled entities

In the 2

nd

quarter of 2010, the Company recorded share of profit of jointly-controlled

entities in the amount of Baht 407.80 million, decreasing by Baht 198.38 million or 32.73 percent from

Baht 606.18 million in the 2

nd

quarter of 2009. The main reason was in the 2

nd

quarter of 2010 there were

losses on foreign exchange rate in the amount of Baht 3.53 million, where as, there were gains on foreign

exchange rate in the amount of Baht 218.80 million in the same period of the previous year.

4.

Finance costs

Finance costs (interest expenses) for the 2

nd

quarter of 2010 were Baht 164.74

million, decreasing by Baht 62.29 million or 27.44 percent from Baht 227.03 million in the 2

nd

quarter of

2009. The main reasons were quarterly repayment and lower interest rate compared to the same period of

the previous year.

5.

Income tax expense

Income tax expense for the 2

nd

quarter of 2010 was Baht 436.51 million, increasing

by Baht 145.11 million or 49.80 percent from Baht 291.40 million in the 2

nd

quarter of 2009. The main

reason was three blocks of Ratchaburi Combined Cycle Power Plants have ended their tax exemption

3

from the Office of the Board of Investment; therefore, corporate income tax has been paid since April 18,

2010.

The operating performance of the Company and its subsidiaries for six-month period of

the year 2010 ended June 30, 2010 showed the net profit of Baht 2,982.20 million or Baht 2.06 per share,

decreasing by Baht 917.66 million or 23.53 percent compared to the Baht 3,899.86 million of the same

period in 2009.

Please be informed accordingly.

Sincerely yours,

(Mrs. Darunee Abhinoraseth)

Senior Executive Vice President - Finance

Acting on Behalf of President

Accounting Division

Tel : [phone]

Fax : [phone]