ThaiPR.NET https://www.thaipr.net/tag/gulf-energy-development Press Release Distribution Center of Thailand Tue, 07 Apr 2026 16:49:42 +0700 hourly 1 https://wordpress.org/?v=6.1.1 <![CDATA[GULF Achieves Thailand’s Top Corporate Brand Value in Energy and Utilities for 4th Consecutive Year at ASEAN & Thailand’s Top Corporate Brands 2024]]> https://www.thaipr.net/en/energy_en/3566570 Mon, 03 Feb 2025 09:03:20 +0700 energy_en https://www.thaipr.net/?p=3566570 Gulf Energy Development Plc (GULF) won ‘Thailand’s Top Corporate Brands’ award for achieving the highest corporate brand value, amounting to THB 387,787 million, in the energy and utilities sector. This recognition was part of the 15th ASEAN and Thailand’s Top Corporate Brands 2024. The continued success affirms GULF’s strong corporate image, propelled by robust performance and adherence to good governance […]

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]]> <![CDATA[GULF’s core profit grew 12% YoY to THB 4,710 million in Q3/24 from energy business and share of profit from INTUCH]]> https://www.thaipr.net/en/finance_en/3545211 Mon, 18 Nov 2024 09:25:21 +0700 finance_en https://www.thaipr.net/?p=3545211 Gulf Energy Development Plc. (GULF) reported the financial results for Q3/24 with a total revenue of THB 31,259 million, a growth of 11% from Q3/23 and a core profit of THB 4,710 million, a 12% increase from THB 4,203 million in the same quarter of the previous year. The growth was primarily driven by the […]

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]]> <![CDATA[Gulf Edge and Google Cloud Partner to Deliver AI-enabled Sovereign Cloud for Thailand]]> https://www.thaipr.net/en/energy_en/3488864 Fri, 28 Jun 2024 08:59:17 +0700 energy_en https://www.thaipr.net/?p=3488864 Partnership enables Thailand’s critical industries to leverage Google Cloud AI in a secure, disconnected environment, in full compliance with data localization and protection requirements Gulf Edge Company Limited (“Gulf Edge”), a fully-owned subsidiary of Gulf Energy Development Public Company Limited (“Gulf”), and Google Cloud today announced a multi-year agreement to deliver next-generation sovereign cloud services […]

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]]> <![CDATA[GULF Wins 4 Awards from the 14th Asian Excellence Awards 2024]]> https://www.thaipr.net/en/business_en/3479679 Wed, 05 Jun 2024 15:01:44 +0700 business_en https://www.thaipr.net/en/business_en/3479679 Gulf Energy Development PLC (GULF) achieved impressive recognition at the recent 14th Asian Excellence Awards 2024, securing four prestigious honors consisting of Asia’s Best CEO (Mr. Sarath Ratanavadi), Asia’s Best CFO (Ms. Yupapin Wangviwat), Sustainable Asia Award, and Best Investor Relations Company (Thailand). The awards highlight GULF’s leadership and commitment to sustainable business practices and […]

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]]> <![CDATA[GULF’s core profit grew 13% YoY to THB 4,152 million in Q1/24, with a focus on investments in renewable energy, paving the way for the future of Data Center, Cloud, and AI businesses]]> https://www.thaipr.net/en/energy_en/3470990 Fri, 10 May 2024 14:30:45 +0700 energy_en https://www.thaipr.net/en/energy_en/3470990 Gulf Energy Development Plc. (GULF) reported the financial results for Q1/24 with a total revenue of THB 32,280 million, a 20% increase from THB 26,994 million in Q1/23 and a core profit of THB 4,152 million, an increase of 13% YoY from THB 3,668 million in the same period of the previous year. The growth […]

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]]> <![CDATA[RATCH and GULF Pioneer On with the First Private LNG Import for Hin Kong Power Plant, Marking a New Era of National Deregulated Gas Market Policy]]> https://www.thaipr.net/en/business_en/3448107 Thu, 29 Feb 2024 08:44:04 +0700 business_en https://www.thaipr.net/en/business_en/3448107 RATCH Group PCL. (RATCH) and Gulf Energy Development Plc. (GULF) have successfully imported the first cargo of 62,000 tons of liquefied natural gas (LNG) through Hinkong Power Holding Company Ltd (HKH) to supply the 700-MW Hin Kong Power Plant, Unit 1, which is scheduled to commence commercial operation on March 1. This groundbreaking initiative by […]

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]]> <![CDATA[GULF’s core profit surges 29% YoY to THB 15,644 million in 2023, with a focus on renewable energy and digital growth expansion]]> https://www.thaipr.net/en/energy_en/3443800 Fri, 16 Feb 2024 09:02:35 +0700 energy_en https://www.thaipr.net/en/energy_en/3443800 Gulf Energy Development Plc. (GULF) reported the financial results for FY2023 with a total revenue of THB 116,951 million, rising from THB 95,076 million or an increase of 23% YoY. Core profit also rose, reaching THB 15,644 million, an increase from THB 12,098 million in 2022. The growth was primarily driven by an increased power […]

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]]> <![CDATA[GULF’s Corporate Brand Value Tops in Energy and Utilities Category for the 3rd Consecutive Year at ASEAN & Thailand’s Top Corporate Brands 2023]]> https://www.thaipr.net/en/energy_en/3435417 Wed, 24 Jan 2024 15:12:33 +0700 energy_en https://www.thaipr.net/en/energy_en/3435417 Gulf Energy Development Plc (GULF) won ‘Thailand’s Top Corporate Brands’ award for achieving the highest corporate brand value, amounting to 340 billion Baht, in the energy and utilities sector. This recognition was part of the 14th ASEAN and Thailand’s Top Corporate Brands 2023, organized by Chulalongkorn Business School’s Master in Branding and Marketing (MBM) Program, […]

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]]> <![CDATA[GULF’s ‘Powers the Dreams’ Scholarship Project Marks Its 5th Year Committed to spark the dreams for young people with craniofacial anomalies]]> https://www.thaipr.net/en/business_en/3383592 Fri, 15 Sep 2023 13:50:10 +0700 business_en https://www.thaipr.net/en/business_en/3383592 Gulf Energy Development Public Company Limited (GULF) continues “Powers the Dreams” project for the fifth consecutive year, providing 89 need-based scholarships, totaling 5 million baht, to child patients from low-income families undergoing medical care at Princess Sirindhorn Craniofacial Center, King Chulalongkorn Memorial Hospital, the Thai Red Cross Society. These scholarships allow recipients access to the […]

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]]> <![CDATA[GULF and Chula Engineering Team Up for a Clean Energy Education Boot Camp, Envi Mission 2023]]> https://www.thaipr.net/en/education_en/3371180 Thu, 17 Aug 2023 16:56:26 +0700 education_en https://www.thaipr.net/en/education_en/3371180 Gulf Energy Development Public Company Limited (GULF) supports the boot camp for Envi Mission 2023, a project with a mission to promote an environmental conservation with creative solutions. Now in its fourth year, the project is titled “Decode the Pipeline: Electrify the Future” and hosted by the Faculty of Engineering, Chulalongkorn University in collaboration with […]

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]]> <![CDATA[GULF was named ‘Issuer of the Year’ at the ThaiBMA Best Bond Awards 2022]]> https://www.thaipr.net/en/finance_en/3315149 Thu, 16 Mar 2023 16:25:32 +0700 finance_en https://www.thaipr.net/en/finance_en/3315149 Gulf Energy Development Plc (GULF) was awarded ‘Issuer of the Year’ at the ThaiBMA Best Bond Awards 2022, hosted by the Thai Bond Market Association. The award recognizes a bond issuer who has made outstanding contributions to the development of the corporate bond market by consistently issuing debentures that have been widely accepted among investors […]

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]]> <![CDATA[GULF’s core profit surges 37% YoY to all-time high of 12 billion in 2022]]> https://www.thaipr.net/en/finance_en/3303349 Fri, 17 Feb 2023 08:36:19 +0700 finance_en https://www.thaipr.net/en/finance_en/3303349 Gulf Energy Development Plc. (GULF) reported the financial results for Q4/22 with a core profit of THB 3,593 million, an increase of THB 865 million or 32% Year-over-Year (YoY). The growth was primarily driven by Gulf Sriracha’s (GSRC) IPP power project units 3-4, which began commercial operation in March and October 2022, respectively, with a […]

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]]> <![CDATA[GULF posts a slight decline in core profit YoY in Q3/2022 due to the sharp rise in natural gas prices]]> https://www.thaipr.net/en/energy_en/3266033 Mon, 14 Nov 2022 09:29:22 +0700 energy_en https://www.thaipr.net/en/energy_en/3266033 GULF reported the financial results for Q3/22 with a core profit of THB 2,167 million, a 6% decrease YoY due to the spike in natural gas prices. Gulf Energy Development Plc. (GULF) reported the financial results for Q3/22 with total revenues of THB 24,275 million, representing an increase of 76% year-on-year (YoY). The growth was […]

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]]> <![CDATA[GULF expands investments to the US with acquisition of 49% shares in Jackson Generation natural gas-fired power project in Illinois, strengthening the company’s energy business]]> https://www.thaipr.net/en/energy_en/3236973 Fri, 09 Sep 2022 11:46:45 +0700 energy_en https://www.thaipr.net/en/energy_en/3236973 Gulf Energy Development Public Company Limited (GULF), via its subsidiary Gulf Energy USA, has entered into a Purchase and Sale Agreement with J-POWER Group to acquire a 49% stake in the 1,200-megawatt Jackson Generation natural gas-fired power project in a deal valued at over 400 million US dollars (approximately 15,000 million Thai baht) which is […]

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]]> <![CDATA[GULF presents THB 55M donation to Thammasat University Hospital for the establishment of Hemodialysis Center with Advanced Technologies]]> https://www.thaipr.net/en/general_en/3234331 Fri, 02 Sep 2022 16:15:30 +0700 general_en https://www.thaipr.net/en/general_en/3234331 With the current situation in Thailand where there is the rising number of kidney disease patients who need dialysis, having equal access to standardized medical care is therefore essential to the quality of life of patients. At present, the hemodialysis unit of Thammasat University Hospital needed to increase the round of dialysis services daily to […]

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]]> <![CDATA[GULF enjoys continuous growth with a surge in core profit of 120% YoY in Q2/22 thanks to the gradual opening of an IPP power project]]> https://www.thaipr.net/en/finance_en/3225086 Tue, 16 Aug 2022 10:58:10 +0700 finance_en https://www.thaipr.net/en/finance_en/3225086 GULF enjoys continuous growth with a surge in core profit of 120% YoY in Q2/22 thanks to the gradual opening of an IPP power project and share of profit from INTUCH GULF reported excellent financial results for Q2/22 with core profit of THB 3,081 million from the commercial operation of Gulf SRC units 1-3 and […]

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]]> <![CDATA[GULF named ‘Best CEO’ at IAA Awards 2021]]> https://www.thaipr.net/en/business_en/3215167 Wed, 20 Jul 2022 16:59:23 +0700 business_en https://www.thaipr.net/en/business_en/3215167 Gulf Energy Development Plc. (GULF), led by Mr. Sarath Ratanavadi, Chief Executive Officer, received the ‘Best CEO’ award, in the ‘Resources’ category from the IAA Awards for Listed Companies 2021, organized by the Investment Analysts Association (IAA). Mr. Anutin Charnvirakul, Deputy Prime Minister and Minister of Public Health presided over the award ceremony, held at […]

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]]> <![CDATA[GULF joins forces with SCG to operate solar energy business]]> https://www.thaipr.net/en/business_en/3192784 Mon, 23 May 2022 09:33:48 +0700 business_en https://www.thaipr.net/en/business_en/3192784 Gulf Energy Development Public Company Limited (GULF) sent GULF1 Company Limited (GULF1), a subsidiary in which the Company holds 99.99% stake involving in businesses related to solar energy in Thailand including solar rooftops, to join forces with SCG Cleanergy Company Limited (SCG Cleanergy), a company that operates renewable energy businesses in which The Siam Cement […]

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]]> <![CDATA[GULF achieves a new all-time high core profit of THB 8,812 million Core profit in 2021 increased by 97% YoY, following the commercial operation of a new IPP and returns on its investment in INTUCH]]> https://www.thaipr.net/en/business_en/3158014 Fri, 18 Feb 2022 17:28:27 +0700 business_en https://www.thaipr.net/en/business_en/3158014 Gulf Energy Development Plc. (GULF) reported the financial results of Q4’21 with core profit of THB 2,728 million, an increase of 1,488 million baht or 120% year-on-year (YoY). The growth mainly came from the commercial operation of Gulf SRC’s (GSRC) first unit and second unit (installed power generation capacity of 1,325 MW) in March and […]

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]]> <![CDATA[GULF Announces Q2’21 Core Profit Growth of 42% YoY after GSRC Unit 1 Begins Commercial Operation]]> https://www.thaipr.net/en/finance_en/3086122 Fri, 13 Aug 2021 17:37:55 +0700 finance_en https://www.thaipr.net/en/finance_en/3086122 Ms. Yupapin Wangviwat, Executive Director and Chief Financial Officer, Gulf Energy Development Plc. (GULF), revealed “For the second quarter of this year, GULF recorded a core profit of 1,401 million baht, an increase of 412 million baht or 42% year-on-year (YoY). The increase was mainly from the profit of Gulf SRC power project’s (GSRC) first […]

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