2023-05-15 06:12:00
“Kaset Thai International Sugar Corporation” Group reveals operating results for the 2nd quarter of the fiscal year 2023 ending March 31, 2023, significantly growing than the same period in 2022 with a net profit of 1,139.6 million baht, 65.3% higher than the previous year. The profit per share was 0.30 baht. The biomass power generation business line had an increase in revenue of 75.5% from the previous year, the sugar line grew 16%, and the bagasse pulp business line grew 9.3%.
Mr. Somchai Suwajittanon, Assistant Chief Executive Officer of Kaset Thai International Sugar Corporation Public Company Limited or KTIS Group, a leader in the integrated sugar industry and related industries, revealed that the performance of the KTIS Group in the quarter 2 Year 2023 (Jan.-Mar. 23) grows more than the same period last year. Both income and net profit The total revenue was 6,392.0 million baht, 15% higher than the previous year, with a net profit of 1,139.6 million baht, 65.3% higher than the previous year and net profit per share of 0.30 baht, higher than the same period last year with net profit per share of 0.18 baht.
In this regard, the main factor supporting growth is the quantity and quality of sugar cane that is higher than the previous year. resulting in more raw materials for the production and distribution of sugar bagasse pulp and electricity from biomass fuel In addition, the price of sugar in the world market is high. selling price of pulp And the selling price of electricity is higher than last year, so these 3 business lines have outstanding growth.
“The biomass power generation business line had an increase of 75.5% from the previous year. The sugar production and distribution business line. Revenue increased by 16% and production and distribution of bagasse pulp. Revenue increased by 9.3%, ”said Mr. Somchai.
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