Aug 14, 2013 - Thai solar park developer SPCG Pcl (MAI:SPCG) today posted a net profit of THB 287.2 million (USD 9m/EUR 7m) for the first half of 2013, up from THB 65.6 million a year ago.
Net profit from the generation and supply of solar energy amounted to THB 354.5 million, jumping from THB 100.4 million a year before. During the period the company put on stream a number of solar parks.
Pretax profit for January-June 2013 was THB 343.2 million, up from THB 91.6 million in the corresponding period of 2012.
SPCG booked first-half revenues of THB 1.1 billion, compared to THB 469.4 million previously. Revenues from the production and distribution of solar power rose to THB 943.5 million from THB 355.8 million.
In the second quarter alone, SPCG booked a net profit of THB 105.2 million, an increase from THB 33.9 million in April-June 2012. Revenues doubled to THB 548 million from THB 262 million.