Message from Chairman
The company's consolidated financial operating result of the year 2022 was net loss of THB 229 million or decreasing by 314 percent comparing to the previous year which was the first time since the company has become a listed company in the Stock Exchange of Thailand.
This result caused by government's policy to adjust the Fuel Adjustment tariff (Ft) that was not in line with the dramatic increment of the natural gas price, the main production cost, affected by global energy crisis. However, the company considered that the situation shall be recovering since the Fuel Adjustment tariff (Ft) was increased and the natural gas price tends to go down for the year 2023.
Meanwhile, the financial stability of the company and the major shareholders resulted the company received credit rating at “A” with “Stable” from TRIS Rating Co., Ltd.
The company has issued and offered the debentures for the first time in September 2022 which offered through the Private Placement to Institutional and High Net-worth Investors (PP-II&HNW) with total amount of THB 2,650 million. This debentures were fixed the repayment period and interest rates in order to restructure the debt for supporting the business expansion including mitigating the risk from the higher interest rates in accordance with inflation.