BAFS’s jet refuelling service remains its core business, though its revenue proportion is set to decrease as the company diversifies into new businesses.
Bangkok Aviation Fuel Services Plc (BAFS) expects its revenue to reach 7.5 billion baht by 2026, driven by its diversification into new businesses, notably renewable energy development.
The jet refuelling service, which has recovered from losses caused by the pandemic over the past three years, remains the core business, though the proportion of its earnings is set to decrease.
BAFS expects this business to make up 50% of total revenue, down from 80% in 2022, with new businesses rising to 50%, up from 20% last year.
New businesses should be a key factor for the company’s revenue…
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