Post by account_disabled on Jan 2, 2024 9:40:00 GMT 2
UAC Global Public Company Limited or UAC is strong, revealing operating results for the first half of 2019. The company had total income of 2,023.06 million baht, an increase of 22.33%, and a net profit of 99.28 million baht from the growth of the trading business and Biodiesel: Executive "Chatchaphon Prasopchoke" adjusts proactive strategy Entering the energy, trading and biodiesel business, studying marketing and investment in CLMV countries to create income growth. Achieve the 2022 target of 5,000 million baht. Mr. Chatchaphon Prasopchoke, Managing Director of UAC Global Public Company Limited or UAC, revealed the operating results for the second quarter of 2019. Ending June 30, 2019, the company had sales and service income of 693.48 million baht, an increase of 85.40% from the same period last year with total income of 374.04 million baht and a net profit of 31.94 million baht.
Compared to the same period last year with a net profit of 16.03 million baht. As for operating results for the first 6 months of 2019, the company had sales and service income of 2,023.06 million baht, an increon baht or 10.17%. "Performance in the first half of the year was as targeted. Although competition in the trading business is increasing causing gross profits to decrease And there was a decreased recognition of the profit share of the associated company, Bangchak Biofuel Company Limited (BBF), due to new and existing biodiesel producers expanding their production capacity WhatsApp Number List This causes more competition in the market. Meanwhile, the price of crude palm oil continues to fluctuate,” Mr. Chatchaphon said. For trends in the second half of the year Managing Director of UAC Global Public Company Limited (UAC) added that Trading business There is still increasing demand among oil refinery and petrochemical customers. with expansion of production capacity As a result, the demand for chemicals and equipment used in the production process has increased. Meanwhile, UAC's products are diverse. which customers have demand for the company's products continuously applied to the customer's production process As for the biodiesel business It is seen that there is still higher growth due to the promotion of government policy. It has been determined to increase the proportion of biodiesel (B100) to B10 and B20 in the past.
This supports the operating results of Bangchak Biofuel Company Limited (BBF), in which the Company holds 30% of shares, in the remaining quarters of this year should improve in a better direction. " Chemical product production and distribution business Under the subsidiary UAC Advance Polymers and Chemicals or UAPC, the company is currently in the process of expanding its market in the CLMV countries and the trend of prices of many key raw materials has decreased, which is a positive result that is expected. will continue to add value to UAC in the future," Mr. Chatchaphon said. However, for the growth rate this year The company has set a target of 2,700 million baht, an increase of 10% compared to last year, and EBITDA of not less than 350 million baht according to the business expansion plan. Both trading business Chemical business Including the energy business with continuous revenue recognition. In addition, the company has also set strategies for adding new products. or additional investment in the energy business along with maintaining the existing customer base and expand the new customer base. To achieve the goal that by 2022 UAC will have revenue reaching 5,000 million baht.
Compared to the same period last year with a net profit of 16.03 million baht. As for operating results for the first 6 months of 2019, the company had sales and service income of 2,023.06 million baht, an increon baht or 10.17%. "Performance in the first half of the year was as targeted. Although competition in the trading business is increasing causing gross profits to decrease And there was a decreased recognition of the profit share of the associated company, Bangchak Biofuel Company Limited (BBF), due to new and existing biodiesel producers expanding their production capacity WhatsApp Number List This causes more competition in the market. Meanwhile, the price of crude palm oil continues to fluctuate,” Mr. Chatchaphon said. For trends in the second half of the year Managing Director of UAC Global Public Company Limited (UAC) added that Trading business There is still increasing demand among oil refinery and petrochemical customers. with expansion of production capacity As a result, the demand for chemicals and equipment used in the production process has increased. Meanwhile, UAC's products are diverse. which customers have demand for the company's products continuously applied to the customer's production process As for the biodiesel business It is seen that there is still higher growth due to the promotion of government policy. It has been determined to increase the proportion of biodiesel (B100) to B10 and B20 in the past.
This supports the operating results of Bangchak Biofuel Company Limited (BBF), in which the Company holds 30% of shares, in the remaining quarters of this year should improve in a better direction. " Chemical product production and distribution business Under the subsidiary UAC Advance Polymers and Chemicals or UAPC, the company is currently in the process of expanding its market in the CLMV countries and the trend of prices of many key raw materials has decreased, which is a positive result that is expected. will continue to add value to UAC in the future," Mr. Chatchaphon said. However, for the growth rate this year The company has set a target of 2,700 million baht, an increase of 10% compared to last year, and EBITDA of not less than 350 million baht according to the business expansion plan. Both trading business Chemical business Including the energy business with continuous revenue recognition. In addition, the company has also set strategies for adding new products. or additional investment in the energy business along with maintaining the existing customer base and expand the new customer base. To achieve the goal that by 2022 UAC will have revenue reaching 5,000 million baht.