Univanich Palm Oil Public Company (UVAN) Q3 2024 earnings summary

Executive summary

• Engaged in oil palm plantations, palm fruit processing, oil palm research, seed businesses, and a biogas power plant project.

• Overseas revenue from Philippine entities reached Baht 813 million, up from Baht 752 million year-over-year.

Segment performance

• Main segment is oil palm plantations and related businesses; biogas power plant contributed only 1% of sales and 0.64% of assets.

Financial highlights

• Trade and other current receivables (net) decreased to Baht 520.9 million from Baht 637 million at year-end 2023.

• Inventories (net) increased to Baht 499.8 million from Baht 480.1 million at year-end 2023.

• Biological assets valued at Baht 139.1 million, up from Baht 122.5 million at year-end 2023.

• Property, plant, and equipment (net) rose to Baht 2,713.4 million from Baht 2,584.4 million at year-end 2023.

• Trade and other current payables increased to Baht 162.5 million from Baht 128.9 million at year-end 2023.

• Long-term loans from financial institutions decreased to Baht 59.7 million from Baht 79.7 million at year-end 2023.