SPCG turns to profit in Q3 2012

Nov 12, 2012 - Thai solar project developer SPCG Pcl (MAI:SPCG) on Monday posted a third-quarter net profit of THB 118.8 million (USD 3.9m/EUR 3m), compared to a loss of THB 9.7 million a year back, helped by the contribution of nine operating solar farms.

Net profit includes net income of minority interests of the company’s subsidiaries of THB 84.5 million, which rose by BHT 78.8 million from the same period a year earlier.

Revenue in July-September soared 110% year-on-year to THB 780.4 million thanks to improved sales at the company's steel roofing segment.

In August, SPCG said it had started construction of four solar power solar power plants of 7.46-MW each, planned to commence operation on January 31, 2013.

(THB 10 = USD 0.326/EUR 0.257)

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