%) (70.5%) 13.6 11.1 (18.4%) Sales from Natural Gas Power Plant 518.9 496.5 462.0 (6.9%) (11.0%) 1,561.3 1,429.3 (8.5%) Sales of electricity - Base tariff and Ft 25.3 25.3 24.0 (5.1%) (5.1%) 76.8 77.1 0.4
contracts with customers” (TFRS 15), foreign exchange, and deferred tax asset. Normalized net profit clearly reflects the company's true earnings from its normal operations. In Q1/2019, the NNP was Baht 1,053
of natural gas corresponding to the crude oil price in the world market, the new accounting standard (Thai Financial Reporting Standard) regarding the financial instruments (TFRS 9) and the lease
service under a Power Purchase Agreement increased by Baht 104.2 million as a result from increase in unit of electricity sold and unit price which is adjusted in line with natural gas price. Sales of
service under a Power Purchase Agreement increased by Baht 104.2 million as a result from increase in unit of electricity sold and unit price which is adjusted in line with natural gas price. Sales of
operations include (i) natural gas price and coal price that continued to drop further from previous quarter resulting in lower costs of sales and increasing industrial customers sales margin in spite of the
Industrial Users (IU) 1.1 1.4 1.2 (14.3%) 9.1% 4.0 3.7 (7.5%) Sales of steam (IU) 1.8 2.9 1.1 (62.1%) (38.9%) 11.1 6.5 (41.4%) Sales from Natural Gas Power Plant 462.0 466.9 507.7 8.7% 9.9% 1,429.3 1,396.9
1.9 0.8 72.7% 13.3 8.4 (4.9) (36.8%) Sales from Natural Gas Power Plant 422.3 466.9 507.7 568.3 60.6 11.9% 1,814.5 1,965.2 150.7 8.3% Sales of electricity - FiT, base tariff and Ft 70.1 72.2 59.5 74.1
to remain at the same rate if there is no significant change in natural gas price and the appreciation in Thai Baht. However, during September and December of 2018, Ft rate is expected to be adjusted
A String of Earnings Increases, Future Earnings Uncertainty, and Firm Fundamentals* Sarayut Rueangsuwan † Kasetsart University, Thailand August 2015 Abstract Prior literature on meeting or beating