Topic: ACE shows 20-year profit, making New Hi ready to move forward to bid-buy more power plants this year.

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ACE shows 20-year profit, making New Hi ready to move forward to bid-buy more power plants this year.







Mr. Thanachai Bunditworapoom, Chief Executive Officer, Absolute Clean Energy (ACE) announces record-breaking performance for 2020 This is a year that Thailand and the world have to face the serious problem of the COVID-19 epidemic. With a net profit of 1,508 million baht or an increase of 85% from the year 2019 with a net profit of 815 million baht, while the revenue from sales and services of 4,988 million baht, an increase of 0.7% from 2019, which is 4,951 million baht.

“2020, despite being a year in which the Thai   ทางเข้า slotxo  economy was severely negatively impacted by COVID-19, the country's GDP dropped 6.1% from 2019, but with a good risk management strategy. Unstoppable improvement As well as the cooperation and dedication of all ACE executives and employees, 2020 will be another year in which ACE has performed well and has a satisfactory leap in profit. "



ACE continues to have revenue growing from Bt4,951m in 2019 to Bt4,988m in 2020, or an increase of 0.7% while net profit for 2020 has a leap to 1,508 million baht or more. It is almost double the amount of 815 million baht in 2019, and this marks the fourth consecutive year of exponential growth in net profit since 2017, 2018, 2019 and 2020, where ACE had a net profit growth from the previous year. Annual rates are 149%, 64%, 49% and 85% respectively.



“Therefore, the net profit of 1,508 million baht achieved in 2020 is considered to be ACE's new high again. Able to operate the power plant continuously for a long time with full efficiency Able to manage and control various costs So that all types of power plants have increased gross margins In addition, the group of companies There is continued good financial cost management, ”ACE Chief Executive Officer said.

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