High Operating Expenses Pressure TCAP to Book ฿1.9bn of Profit in 2Q, Sinking 7.5% YoY
High Operating Expenses Pressure TCAP to Book 1.9bn of Profit in 2Q, Sinking 7.5% YoY.
High Operating Expenses Pressure TCAP to Book 1.9bn of Profit in 2Q, Sinking 7.5% YoY.
19 ก.ค. 2562

Thanachart Capital Public Company Limited (TCAP) has reported its 2Q19 consolidated financial statement through the Stock Exchange of Thailand as follows:

In the second quarter of 2019, net profit attributable to TCAP was THB 1,899 million, a decrease of THB 151 million or 7.41% from the previous quarter. Earning per share (EPS) was ฿1.66/share, a decrease from ฿1.76/share.
In the second quarter of 2019, other operating expenses of TCAP amounted to THB 5,794 million, an increase of THB 742 million or 14.69% from the previous quarter. This was from one-time expenses for retirement pension and severance payment of THB 755 million.
For the first six-month period of 2019, net profit attributable to TCAP was THB 3,915 million, a decrease of THB 35 million or 0.88% from the same period last year. EPS was ฿3.42/share, an increase from ฿3.39/share. This was due to the fact that TCAP repurchased its shares in the amount of 19.47 million shares.
For the first six-month period of 2019, other operating expenses of TCAP amounted to THB 10,846 million, an increase of THB 273 million or 2.58% from the same period last year. This was from one-time expenses for retirement pension and severance payment
NPLs of TCAP increased by 0.63% from the end of 2018 while the NPL ratio stayed at 2.40%, unchanged from the end of last year. Coverage ratio stayed at 114.68%.