State enterprise revenue up by 26 percent over past 9 months

[webfact]

State enterprise revenue up by 26 percent over past 9 months

 

BANGKOK, 14 July 2017 (NN) – The State Enterprise Policy Office (SEPO) has turned over 129 billion baht in revenue from state enterprises over the past 9 months to the state, exceeding target earnings by 26 percent. 

SEPO Director Ekniti Nitithanprapas detailed that state enterprises earned the country 7.59 billion baht in June of this year, besting a target of 5.048 billion baht. Over the past 9 months the sector achieved revenue of 129.607 billion baht, 26.621 billion baht or 26 percent above target. 

The figures have built confidence revenue from state enterprises will end the year higher than a goal of 131 billion baht, reflecting improved revenue collection and bolstering the nation’s financial stability. 

The five top earning state enterprises during the 9 month period were the Government Lottery Office with 22.025 billion baht, the Energy Generating Authority of Thailand with 21.66 billion baht, PTT Plc with 14.599 billion baht, Government Savings Bank with 13.118 billion baht and the Provincial Energy Authority with 11.384 billion baht.

 

-- nnt 2017-07-14

[TerryLH]

 

 

Energy  Electricity Generating Authority of Thailand

[inThailand]

Revenue is only half the story. How much did they spend? 

 

How many other countries leading revenue department is their lottery? 

[Srikcir]

1 hour ago, inThailand said:

Revenue is only half the story. How much did they spend? 

 

How many other countries leading revenue department is their lottery? 

Take another step.

These are State majority-owned enterprises. As such the government can "chase" revenues with additional capital from the nation's taxpayers that doesn't go on the income statement. So increase in revenues without looking at the asset balance sheet can be very misleading. A classic "throwing good money after bad money" situation?

Furthermore, there may be questions of credibility in internal reporting by independent audit when PM Prayut is the chairman of the Super Committee that overseas the performance of State-owned enterprises.

[inThailand]

Yup!  Thai Airways is a great example.