to-the-point: Thai solar co SPCG's Q2 profit grows 77%

Thai solar project developer SPCG Pcl (MAI:SPCG) boosted its net profit to THB 750 million (USD 21.3m/EUR 19.5m) in the second quarter (Q2) of 2015, up by 77.3% year-on-year.

At home, SPCG currently operates 36 solar farms, totaling 260 MW. In the corresponding period of 2014 it had not yet put online all of them so electricity sales were lower and, in turn, profitability was lower.

The company’s revenue from sales and services in Q2 2015 jumped by 24% in annual terms, due to the capacity additions, to THB 1.24 billion. Gross margin remained unchanged at 76%.

(THB 10 = USD 0.284/EUR 0.259)

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