Gulf Energy Development Plc posted revenue growth of 92% to 101 billion baht last year, driven by earnings from its power generation facilities, divestment and InTouch Holdings Plc, the parent firm of telecom operator Advanced Info Service (AIS).
The company, InTouch’s biggest shareholder, recorded 52.8 billion baht in revenue in 2021.
Its net profit in 2022 increased by 37% to 12.1 billion baht, up from 8.81 billion in 2021.
Yupapin Wangviwat, Gulf’s chief financial officer, attributed the business growth to the commercial operation of Gulf Sriracha power plant’s units 3 and 4, with 1,325 megawatts in capacity, along with the…
