Kaset Thai International Sugar Corporation Public Company Limited (KTIS) announced that the first trimester of the new accounting period between 2018 and 2019 had enjoyed over 2,700 million Baht income. During the period, electrical generation and selling derived from biomass energy was outstanding, growing from the previous 53% whereas income from sugar business and bagasse-based paper pulp increased to 2.4% and 6.2% respectively.
Mr. Nathapun Siriviriyakul, Deputy Chief Executive Officer of KTIS, the leader of sugar and continuous industries, revealed that electrical generation and selling derived from biomass energy saw constantly growing income of 81.2 million Baht, 53.4% more than the same period between October and December of 2017. This is because of higher amount of electrical generation and selling to Electricity Generating Authority of Thailand (EGAT) although average selling prices dropped a little.
That the company was supported by continuous industries or bio-business, apart from sugar one, helped minimize the fluctuating sugar price a lot. In the first trimester of 2019, income of the bio-business increased from 62.4 million Baht in the same period last year to 201.4 million Baht. In other words, the business enjoyed more profit of 139 million Baht, which corresponds to the business requirement of KTIS as the company is well-known for supplying sugar cane as a raw material for sugar production. Also, its business develops according to the philosophical principle: KTIS More Than Sugar, so extension to other relevant business lines is performed with caution and prudence.
Besides, sugar production and selling has been constantly improved thanks to support from KTIS Research and Development so that the KTIS group grows stably and sustainably.
The factory of bagasse-based paper pulp and containers also reflects better trends continuously owing to environmental concern. Campaigns to reduce plastic use and hard biodegradable materials encourage people to use 100% natural objects and containers more at present.
According to the business prediction in this year, the KTIS reported that bio-business would enjoy more income as it was expected to share more than one-fourth proportion of all income. In 2017, the business had a proportion of 22.9%, but, in 2018, its proportion increased to 24.6% thanks to large income from biomass electrical generating plants, growing demand for bagasse-based paper pulp as well as environmental campaigns for biodegradable products.