03 March 1997
CLARIFIES FOR PROFITIBILITY IN 1996 PERFORMANCE
Electricity Generating Plc. (EGCOMP) reported a summary of its audited
annual financial statements as follows:
(In Thousand Baht)
For Year Ended December 31
1996 1995
EGCOMP/EGCOMP and subsidiaries
Net profit 1,550,978 940,267
EPS (Baht) 3.12 2.30
EGCOMP gained net profit higher from previous year by Bt610.71 million
or 64.95% because on June 19, 1996 Kanom Electricity Generating Co., Ltd.,
its subsidiary, had possessed electricity generating plant, formerly from
owned byElectricity Generating Authority of Thailand(EGAT) and dealt to
trade with EGAT as well. So, the company could make larger amount of
profit.