Whereas many thermal energy enterprises reported optimistic ends in each income and income within the fourth quarter of final 12 months, there are nonetheless enterprises reporting a decline in income, even struggling losses.
Ba Ria Thermal Energy Co (BTP) is taken into account the quickest rising worthwhile enterprise in This autumn. Income within the quarter reached VND493 billion (US$21.6 million), 3.3 occasions larger than the identical interval of the earlier 12 months and revenue after tax was practically 9 occasions larger, to whole VND85 billion.
BTP mentioned that within the fourth quarter of final 12 months, its enterprise was worthwhile because of the elevated electrical energy output in comparison with the earlier 12 months.
For the entire of 2021, the corporate’s income reached VND1.21 trillion, up 62 per cent in opposition to 2020. Revenue after tax reached practically VND127 billion, up 56 per cent 12 months on 12 months in comparison with 2020 and exceeding 19 per cent of the yearly plan.
Many enterprises within the group of thermal energy enterprises nonetheless reported a deep lower in income over the identical interval of 2020 akin to Hai Phong Thermal Energy (HND), Pha Lai Thermal Energy (PPC) and Quang Ninh Thermal Energy (QTP).
Quang Ninh Thermal Energy (QTP) recorded income of VND2.2 trillion within the fourth quarter of 2021, down 9.1 per cent in comparison with the fourth quarter of 2020. Revenue after tax reached greater than VND80 billion, a deep lower in comparison with the revenue of VND1.35 trillion achieved within the fourth quarter of 2020.
For the entire of 2021, Quang Ninh Thermal Energy’s income reached VND8.46 trillion, down 7.9 per cent in comparison with the income achieved in 2020. Revenue after tax reached practically VND477 billion, down 63.4 per cent in comparison with the revenue of VND1.3 trillion achieved in 2020. In 2021, the corporate aimed to realize VND316 billion in revenue after tax. This consequence helped the corporate full and exceed 50 per cent of the revenue goal assigned for the entire 12 months.
Within the fourth quarter, Hai Phong Thermal Energy (HND) achieved VND2.22 trillion in income, down 10 per cent over the identical interval of 2020, though the facility era output within the quarter was bigger than the identical interval final 12 months. Revenue after tax decreased by 53 per cent in comparison with the fourth quarter of 2020, to whole VND260 billion. The principle cause for the lower in revenue was the rise in capital prices, plus the lower in electrical energy costs.
For the entire of 2021, the corporate’s income reached VND9.03 trillion, down 17 per cent in comparison with 2020 and revenue after tax reached VND443 billion, down 79 per cent in comparison with 2020.
Uncooked materials costs will increase
From the primary days of 2022, beneath inflationary stress, costs of a collection of fundamental enter supplies rebounded after an adjustment interval, during which, coal and oil costs continued their robust uptrend.
From January 3, 2022 to February 13, 2022, coal costs elevated by 55.6 per cent from $157.5 per tonne to $245 per tonne and if in comparison with the identical interval final 12 months, it’s estimated to extend by 178 per cent. Equally, the worth of Brent oil from December 1, 2021 to February 11, 2022 has elevated by 38.5 per cent from $68.87 to $95.41 per barrel and up by 37 per cent over the identical interval final 12 months.
Consultants mentioned that the power disaster in lots of international locations all over the world had not proven any signal of ending, which had prompted some international locations to step up energy manufacturing from coal to save lots of power and guarantee power safety. Indonesia, the world’s largest coal exporter, has additionally launched export restrictions. However on January 20, 2022, Indonesia eased a ban on coal exports for 139 firms after assembly gross sales necessities within the home market to forestall provide shortages and energy outages.
As for oil costs, massive funding banks like Goldman Sachs forecast oil to succeed in $100 per barrel in 2021, JPMorgan forecasts oil costs will rise to $125 per barrel in 2022 and $150 per barrel in 2023.
In line with BSC Securities Firm, world enter gasoline costs will proceed to remain at a excessive degree because of the world power disaster as a consequence of inadequate provide to fulfill power consumption demand.