Corporate Events
Glow posts solid results for 2016



Mr. Brendan Wauters, CEO, and Mr. Pajongwit Pongsivapai, CFO Glow Energy PLC. held the analysts briefing to state the company's financial results for the full year 2016. There were analysts from financial institutions participating the event at THE SATHORN Meeting Room, M Floor, Empire Tower. Glow Group posted consolidated total revenue of THB 53,092 million, earnings before interest, taxes, depreciation and amortization (“EBITDA”) excluding adjustments for Financial Lease accounting standard, of THB 18,770 million, net profit of THB 8,953 million, and normalized net profit (“NNP”) (net profit excluding net foreign exchange gains/losses, deferred tax incomes/expenses and adjustments for Financial Lease accounting) of THB 9,391 million. EBITDA and NNP for the fiscal year 2016 decreased by 7.9% and 4.1% respectively from the fiscal year 2015.