CIMB Thai 2Q net profit down 20%, net interest income up 22%
Page 1 of 1
CIMB Thai 2Q net profit down 20%, net interest income up 22%
CIMB Thai 2Q net profit down 20%, net interest income up 22% |
Business & Markets 2014 |
Written by Sulhi Azman of theedgemalaysia.com |
Thursday, 17 July 2014 16:19 KUALA LUMPUR: CIMB Thai Bank Pcl, a 93.71%-owned subsidiary of CIMB Bank Bhd, saw its net profit for the second quarter ended June 30, 2014 (2QFY14) fell 20% to THB184.32 million (RM18.24million) from THB230.64 million a year ago. Net interest income, however, grew 22% to THB1.92 billion from THB1.57 billion previously, said CIMB Thai President and CEO Subhak Siwaraksa in a statement to Bursa Malaysia today. For the six months ended June 30, 2014 (1HFY14), CIMB Thai recorded a 15% increase in net profit to THB625.05 million from THB543.69 million. Operating income for the first half year rose to THB5.13 billion on strong loan growth, corporate finance and advisory and securities issuing, trading and foreign exchange transactions. Siwaraksa said the increase in income was mainly attributable to growth in other operating income (+58.8%), net interest income (+24.4%) and net fee and service income (+12.8%). “Operating expenses grew at 18.7% whilst there was 85.6% year-on-year increase in provisions. The higher provisions are reflective of loan expansion and a more prudent impairment stance in light of possible negative changes in the economic environment,” he said in a statement. The group’s consolidated operating income rose 27% to THB5.13 billion in 1HFY14 from THB4.04 billion previously. |
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics
» CIMB Thai's 1Q net profit jumps 151% on higher net interest income, lower operating expenses
» CIMB Thai’s Q1 net profit up 22.2% to RM34.21mil
» CIMB Group Thai unit’s 1H net profit up 15%
» CIMB Thai posts RM87.26m net profit for 9-months
» CIMB Thai Bank posts RM54m net profit in 1H
» CIMB Thai’s Q1 net profit up 22.2% to RM34.21mil
» CIMB Group Thai unit’s 1H net profit up 15%
» CIMB Thai posts RM87.26m net profit for 9-months
» CIMB Thai Bank posts RM54m net profit in 1H
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum