The company reported a total sales revenue of US$700 million (Bt22.07 billion) and an increase of EBITDA (Earnings before interest, tax, depreciation and amortization) of 5 per cent or US$11 million (Bt347 million), compared to the same quarter last year. Somruedee Chaimongkol, chief executive officer of Banpu Plc, said that in the first quarter of this year, the company posted a robust overall performance and achieved all business targets. The coal business generated high revenue due to rise in coal prices while the power business showed significant improvement on operational performance with relatively high EAF, delivering a strong cash flow. The shale gas business realised revenues from all six assets as US Banpu Group is moving forward with strong integration and synergy across all core business units from upstream, midstream to downstream. This will not only provides a better return on investment for investors and stakeholders, but also brings about the business sustainability of Banpu as a leader in integrated energy solutions.
Source: The Nation Bangkok May 16, 2018 18:00 UTC