Bangkok--Feb 22--Ratchaburi Electricity
Ratchaburi Electricity Generating Holding PCL. [SET symbol: RATCH
] announced its audited consolidated financial statements of the Company and subsidiaries for the fiscal year 2004 ending December 31, 2004. The company recorded an audited net profit of 6,487.03 million baht or dividend per share of 4.47 baht which was 1,062.70 million baht or 19.59 % higher than net profit of 5,424.33 million baht or dividend per share of 3.74 baht recorded in the same period of 2003. The dividend payment from the Company’s operation in 2004 will be paid at 2.00 baht per share or total to 2,900 million baht of 1,450 million shares. The closing date of the shareholder’s register book for the right to receive the dividend is scheduled on May 4, 2005 at 12.00 a.m. while the dividend payment is scheduled on May 16, 2005.
For the 2004 operating performance, the Company’s consolidated total revenue was 40,416.43 million baht, consisted of electricity sales of
39,714.03 million baht, interest income of 155.89 million baht, sharing profit of an associated company amounted to 407.90 million baht and other income of 138.61 million baht.
The Company’s total costs and expenses were 33,929.40 million baht, consisted of cost of sales of 32,173.20 million baht, selling and
administrative expenses of 462.97 million baht and other expenses of 32.25 million baht. Meanwhile, the Company’s interest expense was 1,224.68 million baht and income tax was 36.30 million baht.
As at December 31, 2004, the Company and its subsidiaries’ total assets were 69,494 million baht. The Company had total liabilities of 41,026
million baht and shareholders' equity valued at 28,468 million baht. The company’s
financial status is demonstrated by its ratio of debt to equity at 1.44 times and debt service coverage ratio at 2.52 times.
For the year 2005, the company has prepared the financial readiness in order to support the new round of power plant construction bid and the
affiliated companies. Therefore, the Company has a plan to issue debentures not exceeding 7,500 million Baht in total.
In addition, on February 21, 2005, the Company’s Board of Directors Meeting has approved the dividend payment for the 2004 operating performance amounted to 2.00 baht per share. While the Company’s interim dividend
payment from the first-half of 2004 operation has been paid at 0.90 baht per share on October 8, 2004. On May 16, 2005, the Company will pay the dividend
payment for the second-half of 2004 operating performance at 1.10 baht or totaling 1,595 million baht. Besides, the Company has scheduled the Annual
General Meeting of the Shareholders on April 20, 2005 at 10.00 a.m. at Sofitel Central Plaza Hotel. The closing date of shareholder’s register book for the right to attend the Annual General Meeting of the Shareholders will be scheduled on March 31, 2005 from 12.00 a.m. until the adjournment of the meeting.
Ratchaburi Electricity Generating Holding PCL is a Thailand leading investment firm in power generation business with total installed capacity of 3,907.5 Megawatts. At present, the Company wholly owns 5 subsidiaries and 3 associated companies namely;
Subsidiaries
Ratchaburi Electricity Generating Company Limited, holding 99.99%, is an
operator of Ratchaburi Power Plant in Ratchaburi province with total installed
capacity of 3,645 Megawatts.
Ratchaburi Energy Company Limited, holding 99.99%, is an investment arm in small power businesses that use renewal fuel. Currently, it has invested 15% stake in Siam Ethanol Exports Co., Ltd., an operator of Ethanol manufacturing project for export.
Ratchaburi Gas Company Limited, holding 99.99%, is an investment arm in
power generation business. It currently holds 37.5% stake in Tri Energy Company Limited.
Ratch Udom Power Company Limited, holding 99.99%, is an investment arm in
power generation business. It currently holds 99.99% stake in Ratchaburi Alliances Company Limited.
Ratchaburi Alliances Company Limited holds 99.99% stake through Ratch Udom Power Company Limited. which currently held 25% stake in Ratchaburi Power Company Limited.
Associated Company Tri Energy Company Limited is an operator of 700 Megawatt Combined Cycle Power Plant located in Ratchaburi province using natural gas as its primary fuel and diesel oil as secondary fuel. The Tri Energy Company
Limited is held by Ratchaburi Gas Company Limited at 37.5% in stake.
Ratchaburi Power Company Limited is an investor of 1,400 Megawatt Combined Cycle Power Plant, using natural gas as its primary fuel and diesel oil
as secondary fuel. The project will locate at the facility site of Ratchaburi Power Plant in Ratchaburi province. The Company has invested through Ratch Udom Power Company Limited and Ratchaburi Alliances Company Limited by holding stake at 25%.
Siam Ethanol Exports Company Limited is a licensed ethanol manufacturer for export with approximately capacity of 30,000 tons per year in productivity.
RATCH takes part by holding 15% stake through Ratchaburi Energy Company
Limited.
Learn more about Ratchaburi Holding, visit our web site at www.ratch.co.th Information for media contact:
Charusuda Boonkerd / Wiwan Phayakvichien
Public Relations Department
Ratchaburi Electricity Generating Holding PCL.
Tel. 0 2978 5061-2 Fax 0 2937 9321
Email: [email protected] , [email protected] End.