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GPSC unveils on-target performance in Q3/2015 with strong confidence of electricity as a Mega Trend of energy industry nowadays

Global Power Synergy Public Company Limited (“GPSC”) recently announced its performance in the Q3/2015. Net profit item of 2015 first 9 months is 1,571 million baht, a 33% growth from 1,182 million baht in the same period last year which is as targeted. Furthermore when the projects from strategy to invest in operating businesses and those under construction complete, GPSC’s revenue and profit will grow significantly.

Ms. Wanida Boonpiraks, Chief Financing Officer of GPSC, said, “In Q3/2015, GPSC saw a growth in net profit, which reflects our on-target profitability. Net profit item is 566 million baht, a 19% growth from 474 million baht of Q2/2015. This can reflect GPSC’s ability to generate profits to meet its targets. This guarantees our capability in being PTT’s electricity producer flagship . Our strategy is to invest in operating businesses and those under construction. When completed, our revenue and profit will grow significantly. Furthermore, our long-term plan is to invest in major projects and other related projects to ensure expansion and growth. We believe that this strategy will be beneficial for our shareholders and boost the confidence of investors, assuring them of our performance in the future.

This is also another important step of GPSC as Dr. Toemchai Bunnag appointed to be GPSC President, effective from November 1, 2015. He is a knowledgeable person with his wealth of expertise in the energy industry in Thailand and Oversea of more than 30 years with last 18 years in PTT group in various areas i.e. Downstream Oil and Natural Gas Business. He used to work as a chairman and director of several electricity generating companies. At the mission handover ceremony, Dr. Toemchai mentioned that he would continuously pursue the corporate growth strategy as an electricity and utility producer flagship of PTT with an aim to become one of the Asian electricity leaders through expansion of its investment and projects both domestically and internationally with a prospect as a Mega Trend of energy industry nowadays. Ms. Wanida said.

Back09 November 2015