Nov 21, 2011 - Thai solar power plant developer SPCG Pcl (MAI:SPCG), former Steel Intertech, reported a net profit of THB 5.8 million (USD 186,000/EUR 138,000) for the third quarter of 2011, up by 41.53% year-on-year.
Revenue for the quarter surged to THB 166 million from THB 25.5 million a year ago. Revenues from solar power plant operation under the Thai renewables incentive scheme rose by 378.74% to THB 122.3 million, SPCG said.
SPCG has 29 solar power projects in the pipeline. In late October it announced it planned to put on stream four solar power projects in northeastern Thailand in the first quarter of 2012.