Gulf Development Public Company Limited reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was THB 30,451.21 million compared to THB 27,419.25 million a year ago. Revenue was THB 30,451.21 million compared to THB 27,419.25 million a year ago. Net income was THB 6,029.75 million compared to THB 3,360.3 million a year ago. Basic earnings per share from continuing operations was THB 0.51 compared to THB 0.29 a year ago.
For the nine months, sales was THB 85,590.04 million compared to THB 86,389.17 million a year ago. Sales was THB 93,642.2 million compared to THB 86,389.17 million a year ago. Revenue was THB 96,155.6 million compared to THB 86,389.17 million a year ago. Revenue was THB 93,642.2 million compared to THB 86,389.17 million a year ago. Net income was THB 14,269.54 million compared to THB 10,095.22 million a year ago. Net income was THB 14,269.54 million compared to THB 10,095.22 million a year ago. Basic earnings per share from continuing operations was THB 1.22 compared to THB 0.86 a year ago. Basic earnings per share from continuing operations was THB 1.22 compared to THB 0.86 a year ago.
Gulf Development Public Company Limited is a Thailand-based company which is focused on developing gas-fired power projects alongside making a significant investment in renewable energy such as solar, wind, hydroelectric, biomass, and waste-to-energy projects. The Company operates through four segments: power business, consulting business, infrastructure business, and satellite and digital business. Its energy business includes gas-fired power generation, renewable energy, and gas-related activities. Its Infrastructure and logistics business focuses on the development and management of essential public services. Its Telecommunications and satellite business encompasses telecommunications and satellite sectors, focusing on digital infrastructure. It invests in the Bang Pa-In - Nakhon Ratchasima (M6) and Bang Yai - Kanchanaburi (M81) intercity motorway projects through BGSR 6 and BGSR 81, project companies established by the BGSR Consortium.
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