Gulf revenue poised to hit new high

SET-listed Gulf Energy Development expects its revenue to grow by 50% to a new high of more than 100 billion baht this year, thanks to additional electricity generation capacity and the full operation of power plants.

The company last year earned 95 billion baht, up 90% from 49.9 billion in 2021, according to the website of the Stock Exchange of Thailand.

The increase in revenue in 2023 is…