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Glow posts solid 9 -months results and announces an investment in a Waste-to-Energy plant.
Consolidated total revenue of THB 41,190 million, Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”), excluding adjustments for Financial Lease accounting, of THB 14,933 million, Net Profit of THB 7,751 million, and Normalized Net Profit (“NNP”) (net profit excluding net foreign exchange gains/ losses, deferred tax income/expenses and adjustments for Finance lease accounting) of THB 7,842 million.
Glow Energy, WHA and SUEZ to develop Waste-to-Energy in Chonburi
Bangkok - Chonburi Clean Energy, a joint venture company created by Glow Energy (a subsidiary of ENGIE), SUEZ and WHA Utilities & Power, is awarded the right to develop an industrial waste-to-energy plant at Hemaraj Chonburi Industrial Estate, in Thailand. The total investment is estimated at approximately 1.5 billion Baht (around USD 43 million) and commercial operation is foreseen to start in December 2019.
Glow posts record half-year results
- Strong contributions from all business lines - 2016 interim dividend set at 1.458 THB/share
Glow posts 15% Y-o-Y increase in Normalized Net Profit for the first quarter of 2016
- Strong results, in particular of the Cogeneration business line. - Certification by the Council of the Private Sector Collective Action against Corruption
Glow posts new record high Normalized Net Profit, and proposes a special dividend for shareholders’ approval
· Normalized Net Profit for the fiscal year 2015 increases by 1.3% year-on-year. · Expansion of geographic coverage to also include Vietnam and Malaysia. · Full year dividend of 5.75 THB/share to be proposed for shareholders’ approval.